Match the terms with their descriptions:
-Statute of limitations
A) Method of discharging a contract which is impossible to perform
B) Method of discharging a contract by operation of law
C) Time is critical
D) Transfer of a contract right
E) Damages in name only
F) Legal relationship existing between contracting parties
G) Offering to do that which one has agreed to do under the terms of the contract
H) One of the principal ways of ending contractual obligations
I) Someone who is indirectly benefited by a contract
J) Transfer of a contract duty
Correct Answer:
Verified
Q50: Match the terms with their descriptions:
-Impossibility
A) Method
Q51: Match the terms with their descriptions:
-Tender of
Q52: Match the terms with their descriptions:
-Delegation
A) Method
Q53: Match the terms with their descriptions:
-Performance
A) Method
Q54: Match the terms with their descriptions:
-Privity of
Q56: Match the terms with their descriptions:
-Nominal damages
A)
Q57: Define a third-party beneficiary. Compare and contrast
Q58: Define performance. Discuss material breach, substantial performance,
Q59: Define damages. Compare and contrast punitive damages
Q60: Bill offered Diana to buy his bicycle
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