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Business Law Text and Exercises Study Set 2
Quiz 16: Termination and Remedies
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Question 61
Multiple Choice
Lana agrees to work as Michelle's personal assistant for one year but dies in the ninth month of the contract. Lana's death
Question 62
Multiple Choice
Cow's Milk LLC needs a certain part for its pasteurizing equipment to continue its operations and orders one for $3,000 from Dairy Supplies Inc. Cow's Milk tells Dairy Supplies that it must receive the part by Tuesday or it will lose $10,000. Dairy Supplies ships the part late. Cow's Milk can recover
Question 63
Multiple Choice
Ready Repair Service enters into a contract to fix washers and dryers in Scrub n' Dry Company's coin-operated laundries. Ready breaches the contract. Scrub n' Dry is awarded compensatory damages. The purpose is to
Question 64
Multiple Choice
Copper Circuit, Inc. and Direct Electric LLC sign an agreement that provides for the payment of "$1,000 by whichever party commits a material breach of the contract that creates damages difficult to estimate but approximately $1,000." This is
Question 65
Multiple Choice
Isabel orally agrees to buy a unique collection of nineteenth-century cowboy memorabilia for $10,000 from Jessie and sends $2,500 as a down payment. When Isabel pays the rest of the price, Jessie refuses to ship the collection. Isabel should seek
Question 66
Multiple Choice
Isaac holds one ton of perishable fruit in storage for Juice Smoothies Corporation. Juice Smoothies does not pay for the storage. Isaac sells the fruit to Kayo Beverage Company. This sale represents
Question 67
Essay
Floors n' More, Inc., hires Gordon to renovate Floors n' More ' s six floor showroom. Gordon submits plans that Floors n' More approves. Gordon completes the extensive reconstruction, paints the interior, and buys the fixtures and furnishings. Floors n' More rejects two fixtures because they do not match the plans, and subsequently refuses to allow Gordon to finish the work or to collect payment. Could Gordon sue successfully for payment for the entire contract?
Question 68
Multiple Choice
Sam contracts to work exclusively for Thermal Company during July for $5,000. On June 30, Thermal cancels the contract. Sam finds a similar job for the month of July but earns only $3,000. Sam files a suit against Thermal. As compensatory damages, Sati can recover
Question 69
Essay
Quest Resources, Inc., contracts with Ring Communications Corporation (RCC) for RCC to design and build an all-weather communications system for Quest's field operations. RCC builds the system, but it functions effectively only in good weather. Is this a breach of the contract? If so, what remedies does Quest have?
Question 70
Multiple Choice
City Delivery, Inc., enters into a contract to deliver furniture to Damien's house with payment due on July 4. On July 4, Damien's bank is closed, and for this reason, he claims that he cannot pay on time. In this situation