Contracts (Condition,Breach,Discharge)

Question 1

What is the difference between anticipatory repudiation and an expression of doubt?

Answer 1

A party who recieves an anticipatory repudiation has the right to request assurances and cancel the K. An expression of doubt does not allow for cancellation of K

Question 2

T/F

Repudiations must be in writing

Answer 2

False

Question 3

What happens if failure to perform constitutes a minor breach as it relates to the K terms?

Answer 3

Can’t cancel the K, but can sue for damages

Question 4

What happens if failure to perform constitutes a material breach as it relates to the K terms?

Answer 4

K can be cancelled and can sue for damages

Question 5

Which situtation is more align with a breach of K - not beginning on time or not finishing on time?

Answer 5

Not finishing on time

Question 6

How should you weigh terms handwritten by the parties?

Answer 6

As essential, material terms

Question 7

A contract can be reformed to reflect the original intent of the parties where there has been a:

Answer 7

mutual mistake in the integration

Question 8

Under the UCC, an acceptance with additional terms does not constitute a rejection and counteroffer, but rather is :

Answer 8

an effective acceptance unless made expressly conditional on the assent to the additional terms.