Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.

Remove ads
Don't know
Know
remaining cards
Save
0:01
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards




share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Business Law Ch. 9

Contract Performance, Breach, and Remedies

QuestionAnswer
The transfer of contract rights to a third person is known as: an assignment
When you transfer contractual duties to someone else, this is known as: a delegation
An intended third party beneficiary cannot enforce a contract against the original parties: unless both of the parties that formed the contract consent to the action
Suppose that William and Laverne did not cancel their contract, but Laverne's house burned down before William could paint it. In this case, the contract: is terminated by operation of law
When a party to a contract breaches the contract, the other party is legally entitled to: money damages
Consequential damages are: special, foreseeable damages that compensate for a loss that does not directly or immediately result from a breach of contract
Liquidated damages may be defined as: a specific dollar amount to be paid in the event of a future default or breach of contract
Suppose that Jennifer agrees to tutor Sal's children during the summer. After one week, Jennifer decides that she can't handle the children and refuses to tutor them any longer. If Sal sues Jennifer for specific performance, a court would likely: refuse to order specific performance of the contract because it is a contract for personal services
The most common way to discharge, or terminate, contractual duties is: by performance
If, three weeks before you and Lester are supposed to close your deal for the sale a twenty-acre tract of land, Lester calls you and says, "The deal is off!" Lester has: anticipatorily repudiated the contract
Created by: ashbob12