What is a breach of contract? a. A legal document that outlines the terms of an agreement b. A contract that is void and unenforceable C. A negotiation process to resolve contract disputes d. A failure to perform a duty as specified in a contract QUESTION 4 When can a contract be discharged by frustration? a. Whent:nforeseen circumstances make performance impossible b. When one party fails to perform their obligations c. When one party breaches the contract d. When both parties agree to cancel the contract True or False: A contract entered into by a minor is always void. True False QUESTION 8 Which of the following is NOT an essential element of a valid contract? a. Acceptance b. Consideration c. Promissory estoppel d. Offer In a contract, the term "meeting of the minds" refers to a. The intention of the parties to create legal relations b. The exchange of consideration between the parties c. The agreement between the parties on all essential terms d. The acceptance of an offer by the offeree QUESTION 6 When can a party claim specific performance as a remedy for breach of contract? a. When he breach is minor and does not affect the overall contract b. When the contract is for the sale of unique goods or real estate c. When monetary damages are insufficient to compensate for the breach d. When the breaching party is unable to pay damages