1)A contract that must be in writing in order to be valid is one for:

Group of answer choices

sale of real estate

the promise to pay the debt of another

a prenuptial agreement

sale of goods for more than $500

All of the above.

2)Under the Rules of Construction, the court will do which of the following when interpreting contractual provisions?

Group of answer choices

Construe words according to their plain/ordinary meaning.

View lengthy communications as whole.

Interpret according to business custom and usage.

All of the above.

A and C Only

3)The most common method by which contractual obligations are discharged is by:

Group of answer choices

Performance

Breach of Contract

Anticipatory Breach

Agreement of the Parties

Supervening Illegality

4)UCC involves contracts for the sale of goods between:

Group of answer choices

all persons/businesses

merchants

non-merchants

all of the above

5)Mitigation of damages requires a non-breaching party to make _______________________ to reduce or limit their damages.

Group of answer choices

extraordinary efforts

reasonable efforts

no effort

none of the above

6)Specific performance can be granted when:

Group of answer choices

the subject is unique

the subject dies

the subject of the contract is not unique

the contract is for the sale of goods over $500

7)The equitable remedy of specific performance will most likely be awarded in:

Group of answer choices

personal service contracts

contracts for sale of non-unique goods

contract for sale of unique, one-of-a-kind items

All of the above.

8)An injunction is:

Group of answer choices

a legal remedy

an equitable remedy

unjust enrichment

rarely granted in breach of contract cases

9)Reliance damages focus on:

Group of answer choices

the breaching party

the non-breaching party

both parties

no party

10)A person transferring a right under a contract is an:

Group of answer choices

assignee

assignor

delegator

delegatee

11)A person receiving the transfer of a right under a contract is an:

Group of answer choices

assignee

assignor

delegator

delegatee