Which of the following is false with regard to ending contracts and remedies?
A) If Lori incurred costs in preparing to perform a contract that is ended by frustration, the court can allow Lori to keep some of the deposit paid by the other party to help cover those costs.
B) If a person ignores a court order (e.g., an injunction), he could be cited for contempt of court.
C) A breach of condition allows the party who suffers the breach to terminate the contract.
D) The equitable remedy of specific performance is available in those situations where monetary compensation would not be adequate.
E) The term "condition precedent" refers to a clause in a contract that brings the contractual obligations of the parties to an end upon the happening of some specific event.

Question

Quizplus · Accepted Answer

Explanation: The term "condition precedent" does not refer to a clause that ends contractual obligations upon the occurrence of a specific event. Instead, it refers to a condition that must be met before a party's obligation under a contract becomes due. Conditions precedent are requirements that must be fulfilled for the parties' contractual obligations to begin, not end.

Which of the Following Is False with Regard to Ending