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Multiple Choice Quiz
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1
Material breaches can not be determined by conditions specified in the contract.
A)True
B)False
2
A request to cancel a contract constitutes anticipatory repudiation.
A)True
B)False
3
If performance of a contract is not what a party bargained for, the breach may be material.
A)True
B)False
4
In a purchase agreement, a preliminary requirement is that the seller has no legal title to the subject matter and authority to transfer it to the seller. If the seller transfers his interest to a third party, this preliminary requirement can no longer be met.
A)True
B)False
5
Adequate assurances do not allow merchants under the UCC to request of each other further promises that performance will be tendered.
A)True
B)False
6
Which of the following is a factor in determining whether a failure of performance is material?
A)A divorce settlement
B)A party’s personal belief
C)The existence of several material factors
D)The extent to which a party failing to perform or to offer to perform will suffer forfeiture
7
Which of the following contracts can be considered divisible?
A)The parties’ right to litigation
B)Installment payments for construction of a home
C)A divorce settlement and/or a lease agreement
D)The right to cure a contract
8
In order for a waiver of breach to be knowing and intentional:
A)a party must call the other party and request action.
B)a party must be aware of and plan on the outcome of his words and actions.
C)a party must take the other party to court.
D)a party must not perform his own obligations.
9
When an expectation of things to come has a reasonable basis for the conclusion it is known as ____________________.
A)anticipation
B)breach
C)anticipatory repudiation
D)affirmative acts
10
A party must be aware of and plan on the outcome of his words or actions in order to be held accountable for the result of _______________ a contract.
A)retracting
B)waiving
C)breeching
D)anticipating





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