LAW102_Session 8_HiepTH9

When a contract states no time for performance the parties may perform at any time.

• True
• False

If a contract calls for performance satisfactory to the personal taste of a party, that party may reject performance on the ground it is not satisfactory even if most people would find the performance acceptable.

• True
• False

All creditors may enforce their contracts after a discharge in bankruptcy.

• True
• False

Refusal of a tender of payment discharges a debt.

• True
• False

Rescission of a contract releases an aggrieved party from all obligations not yet performed.

• True
• False

A party who intentionally and without the consent of the other party alters a written contract can be held to either the original contract terms or the terms as altered.

• True
• False

When the parties to a contract agree not to carry out its terms.

• Discharge
• Malpractice
• Performance
• Satisfactory performance

A party doing what all that is required under the terms of a contract.

• Discharge
• Malpractice
• Performance
• Satisfactory performance

The failure or refusal to perform one's contractual obligations is ______________.

• breach
• performance
• satisfactory performance
• substantial performance

When a contract does not state the time it is to be carried out, it must ordinarily be carried out within a (n) _____________.

• reasonable time
• time
• duration
• a day