QUESTION 26 2 points performance is the proper completion of 95% or more of the work that needs to be done under a contract, and may discharge the contract. substantial QUESTION 32 An agreement is illegal and void if it is against public policy. violates state licensing statutes. violates state usury statutes. violates state criminal statutes. QUESTION 36 The party to whom rights under a contract are transferred is called the obligor. O True False QUESTION 37 Khan owed Rosenfeld $500 for work Rosenfeld had performed. Rosenfeld assigned to Smith the right to receive the $500. Before Khan received notice of the assignment, he paid $200 to Rosenfeld. How much does Khan have to pay to Smith? $200 $500 O $300 o nothing Click Save and Submit to save and submit. Click Save All Answers to save alla QUESTION 29 2 po Hamza, a minor, sold his Ipad to Adriana, an adult. Adriana sold the Ipad to Henry, another adult. Hamza now wishes to disaffirm the contract. Hamza can disaffirm and take the pad back from Henry O True False 2 pc An accord alone can discharge a contract. True False QUESTION 15 Under the provisions of the statute of frauds, one example of a contract that does NOT have to be in writing to be enforceable is a(n) o agreement for the sale of merchandise valued at $400. agreement to rent real property for two years. agreement for the transfer of ownership in real property. promise to pay the debts of another living person. QUESTION 49 An assignment is not valid unless notice is given. True False QUESTION 20 Ratification of a contract by a minor may be disaffirmed by the adult. written. oral. implied from the minor's actions. QUESTION 21 The statute of frauds does not apply to written contracts. requires certain contracts to be in writing. o states that written contracts can always be changed by oral evidence. o applies only to executed contracts