1a) Which of the following may not result in discharge of a contract by operation of law?

Multiple Choice

• Alteration of the contract

• Bankruptcy

• Mutual rescission

• Objective impossibility of performance

• Frustration of purpose

1b) Why did equitable remedies come into being?

Multiple Choice

• To fashion remedies when existing laws did not provide adequate ones

• To fashion substitute remedies for established and adequate legal remedies

• To provide a means by which to award nominal damages

• To provide a means by which to award consequential damages

• To provide a means by which to award liquidated damages

1c) Remedies are generally classified as _____.

Multiple Choice

• putative or non-putative

• punitive or non-punitive

• liquidated or unliquidated

• legal or equitable

• foreseeable or unforeseeable