Question
8. The time set by the UCC statute of limitations for filing a claim for breach of a contract of a sale of goods is:
8. The time set by the UCC statute of limitations for filing a claim for breach of a contract of a sale of goods is:
a. | two years. | |
b. | five years. | |
c. | one year. | |
d. | four years. |
9. Which of the following is not generally considered to be unique for purposes of determining if the remedy of specific performance may be sought?
a. | ordinary personal property | |
b. | antiques | |
c. | real estate | |
d. | heirlooms |
10. A mandatory injunction:
a. | occurs when a court orders a party to refrain from doing a certain act. | |
b. | occurs when a court orders a party to do a certain act. | |
c. | is like specific performance. | |
d. | is used to compel personal service. |
11. (Please Note: There may be more than one correct answer)
Which of the following is a correct statement of the law?
a. | Impossibility requires that performance by the promisor be literally impossible before the promisor is excused from his/her duty to perform. | |
b. | Commercial impracticablity involves situations where performance is not impossible but has become very burdensome or very expensive to the promisor. | |
c. | Commercial frustration and frustration of purpose occurs when a change of circumstances has resulted in the promise having little or no value to one of the parties. | |
d. | The court's approach to commercial impracticability and frustration of purpose are similar. |
12. An award for damages specified in a contract for breach is called:
a. | nominal damages. | |
b. | punitive damages. | |
c. | compensatory damages. | |
d. | liquidated damages. |
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