General knowledge
10 QUESTIONS
Q1. What does discharge of contract mean?
A) The parties to an agreement are freed from their contractual obligations
B) That no agreement has been reached
C) That contractual performance has been completed
D) That there has been frustration of the contract
E) That there has been a partial breach of contract
Q2. What is an anticipatory breach?
A) Failure to perform an agreed contractual obligation
B) Fault making performance impossible after the contract is due
C) One that incurs damages
D) Repudiation before performance is due
E) One that can be terminated only
Q3. Can an innocent party terminate for any breach of contract?
A) Yes - You can always terminate for breach
B) No - You can never terminate for breach
C) No - It depends on the money involved
D) No - It depends on the consequences
E) No - It depends on the measure of compensation