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A third-party beneficlary may bring suit to enforce a contract. 18. TRUE/FALSE 19. TRUE/FALSE donee beneficiary is a type of intended beneficiary to whom the
A third-party beneficlary may bring suit to enforce a contract. 18. TRUE/FALSE 19. TRUE/FALSE donee beneficiary is a type of intended beneficiary to whom the promisee's pr imary intent is to give a benefit. d the obligor The party to whom the obligation is owed is calle 20. TRUE/FALSE 21. TRUE/FALSE 22. TRUE/FALSE The party owing a duty or debt under the contract is the obligee An intended third-party beneficiary must be identified by name. 23. TRUE/FALSE Weather conditions is an risk that is assumed by a contracting party in the absence of a contrary agreement. When a contract contains both written parts and typed parts, and the he typed part, the written part prevails. 25. TRUE/FALSE 26. TRUE/FALSE 27. TRUE/FALSE written part conflicts with t An ambiguous contract is absolutely nul An ambiguous contract is interpreted strictly against the party Parties may stipulate in their contract that a certain amount should be paid in case of a breach. 28. TRUE/FALSE Punitive damages are also known as exemplary damages. 29. TRUE/FALSE Consequential damages may only be recovered if it was reasonably foreseeable to the defendant that the kind of loss in question would be sustained by the non breaching party if the contract were broken. 30. All of the following are true of consequential damages, except: a) Consequential damages are a type of compensatory damage b) Consequential damages are also known as special damages c) Consequential damages are those damages that result from the actual breach of contract. d) All of the above are true. 31. Damages in excess of actual loss, imposed for the purpose of punishing or making an example of the defendant are known as: a) Compensatory damages b) Nominal damages c) Punitive damages d) Direct damages
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