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COMMERCIAL LAW CHAPTER 39 EXAMINATION TEST 2026 QUESTIONS WITH SOLUTIONS GRADED A+

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COMMERCIAL LAW CHAPTER 39 EXAMINATION TEST 2026 QUESTIONS WITH SOLUTIONS GRADED A+

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COMMERCIAL LAW CHAPTER 39
EXAMINATION TEST 2026 QUESTIONS WITH
SOLUTIONS GRADED A+



◉A condition qualifies the . Answer: contractual obligation


◉A condition precedent qualifies the obligation after the contract is
consummated . Answer: false. (must be fulfilled before a contract can
come into existence)


◉Discharge occurs when the parties are relieved of their . Answer:
contractual obligations


◉Parties CAN discharge their obligations . Answer: by agreement


◉Novation . Answer: is a method of discharge


◉Discharge can occur because of impossibility of . Answer:
performance

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