LA180_Ch9 TF

A breach of warranty will bring the contract to an end.

• True

• False

"Clean hands" refers to the absence of wrongdoing on the part of a person seeking an equitable remedy.

• True

• False

For a contract to be ended by agreement, there must be consideration as well as agreement on both sides.

• True

• False

Failure to make an installment payment will often trigger an acceleration clause, which makes the entire outstanding debt due and payable immediately.

• True

• False

Lack of financial ability, if proven, will establish frustration.

• True

• False

Damages are an example of an equitable remedy.

• True

• False

The victim of a breach cannot recover damages that he could have avoided if he had made a reasonable effort.

• True

• False

A deposit must be returned if no damage has taken place.

• True

• False

Injunction is an example of an equitable remedy.

• True

• False

In rare circumstances, the courts may issue a mandatory injunction when a person does something to violate a contractual term and thereby creates an ongoing problem.

• True

• False