Question 1

Repeated breaches and waivers generally are interpreted to indicate:

Question 1 options:

	a) poor business practice.
	b) illegal behavior.
	c) ignorance of the law.
	d) modification of contract.
	e) anticipatory repudiations.

Question 2

If a seller delivers defective goods, the buyer does not lose the right to sue for a breach of contract if the buyer:

Question 2 options:

	a) accepts the goods.
	b) accepts the goods with a reservation of right.
	c) agrees to a modification of the contract.
	d) accepts the performance without protest.
	e) waives the breach.

Question 3

The remedy of specific performance will most likely be granted in the case of a/an:

Question 3 options:

	a) employment contract.
	b) contract to buy shares of stock traded publicly.
	c) contract for the sale of Florida oranges.
	d) contract for the sale of a secret drug formula.
	e) all of the above.

Question 4

Damages to be paid in case of a breach that are specified in a contract are known as:

Question 4 options:

	a) nominal damages.
	b) consequential damages.
	c) liquidated damages.
	d) breach payments.

Question 5

When a party expressly declares that performance will not be made when required, this declaration is a/an:

Question 5 options:

	a) injunction.
	b) anticipatory repudiation.
	c) negotiating technique.
	d) presumptive breach.
	e) waiver of breach.