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Methods of Discharging a Contract
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Methods of Discharging a Contract

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Questions and Answers

Which method of discharging a contract involves each party satisfactorily completing its part of the bargain?

  • Performance (correct)
  • Frustration
  • Agreement between the Parties
  • Breach

    • When can a breach of warranty occur?

  • When a major term (condition) of the agreement is breached
  • When failure to perform is insignificant or involves a minor term of the contract (correct)
  • When a contract is frustrated
  • When an agreement between the parties is reached

    • What is the term used when one party is ready, willing, and able to perform?

  • Breach
  • Tender (correct)
  • Performance
  • Frustration

    • What happens when a condition is breached in some minor way?

    <p>Substantial performance</p> Signup and view all the answers

    Are all contracts required to be performed exactly?

    <p>No, only some contracts must be performed exactly</p> Signup and view all the answers

    Which method of discharging a contract involves an agreement between the parties?

    <p>Agreement between the Parties</p> Signup and view all the answers

    When can a claim for breach of warranty be made?

    <p>When a minor term of the agreement is breached</p> Signup and view all the answers

    What is the term used when one party is ready, willing, and able to perform?

    <p>Tender</p> Signup and view all the answers

    Which method of discharging a contract involves frustration?

    <p>Frustration</p> Signup and view all the answers

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