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Multiple Choice Quiz
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1
Impossibility and impracticality express the same idea.
A)True
B)False
2
If a party destroys the subject matter of the contract rendering performance impossible it is known as involuntary destruction.
A)True
B)False
3
If a party either does something that makes the other party’s performance impossible or that makes his own performance impossible, the "innocent" party's performance may be excused.
A)True
B)False
4
A supervening illegality renders performance of a contract impossible because illegal contracts are unenforceable.
A)True
B)False
5
Forfeiture is a loss caused by a party's ability to perform.
A)True
B)False
6
A force majeure is:
A)A major factor in making a decision to perform
B)Required in all written contracts
C)A deadly snake
D)A force or event that can neither be anticipated nor controlled
7
When a party becomes insolvent, he:
A)Leaves town
B)Forfeits his remedies under the contract
C)Loses his ability to pay his debts
D)Sues for relief
8
Death or incapacity of a party:
A)Can make performance impossible.
B)Makes performance incredible.
C)Has no effect on performance.
D)Means the heirs must complete the performance.
9
If a party prevents his own performance it is voluntary _______.
A)destruction
B)disablement
C)forfeiture
D)prevention
10
A party's inability to pay his debts which may result in a declaration of bankruptcy is called _____________.
A)forfeiture
B)disablement
C)insolvency
D)impracticality





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