Law Mcq
An unregistered firm can institute a criminal proceeding for
| 1. | Incorrect | Which of the following types of damages are NOT available in contract cases?
Your answer: Equitable remedies
The correct answer: Pecuniary damagesINCORRECT. The major form of relief in contract cases is monetary damages. Other potential types of damages are equitable, and tort damages, including punitive damages. | | 2. | Incorrect | Cecil has a contract for $2000 to paint Buck's house so that Buck can place the house on the market. He realizes that he will not be able to paint Buck's house before Buck sells the house. He calls Buck and tells him he cannot perform the contract. Which statement is NOT true about this contract?
Your answer: Buck's obligations under the contract are terminated.
The correct answer: Buck may sue Cecil for any damages, but he must wait until the contract is formally breached (e.g., the time in the contract has expired).INCORRECT. Buck may immediately end performance. | | 3. | Incorrect | April has offered $300 for Mark's bicycle and Mark has accepted. Mark has tendered performance by offering to bring the bike over to April's apartment immediately and to turn the bike over immediately. Which statement is true?
Your answer: Mark has only partially performed until he has given April the bike
The correct answer: If April does not tender $300 immediately, she will be in breach of contract.INCORRECT. Mark has completely performed the contract when he tenders performance. | | 4. | Correct | Which of the following is NOT one of the three levels of performance of a contract?
Your answer: Technical performance.CORRECT. The levels are strict performance, substantial performance, and material breach. | | 5. | Correct | Which of the following is NOT a type of monetary damages available under contractual breach?
Your answer: Equitable reliefCORRECT. Compensatory damages, liquidated damages, consequential damages, and nominal damages are all types of
| 1. | Incorrect | Which of the following types of damages are NOT available in contract cases?
Your answer: Equitable remedies
The correct answer: Pecuniary damagesINCORRECT. The major form of relief in contract cases is monetary damages. Other potential types of damages are equitable, and tort damages, including punitive damages. | | 2. | Incorrect | Cecil has a contract for $2000 to paint Buck's house so that Buck can place the house on the market. He realizes that he will not be able to paint Buck's house before Buck sells the house. He calls Buck and tells him he cannot perform the contract. Which statement is NOT true about this contract?
Your answer: Buck's obligations under the contract are terminated.
The correct answer: Buck may sue Cecil for any damages, but he must wait until the contract is formally breached (e.g., the time in the contract has expired).INCORRECT. Buck may immediately end performance. | | 3. | Incorrect | April has offered $300 for Mark's bicycle and Mark has accepted. Mark has tendered performance by offering to bring the bike over to April's apartment immediately and to turn the bike over immediately. Which statement is true?
Your answer: Mark has only partially performed until he has given April the bike
The correct answer: If April does not tender $300 immediately, she will be in breach of contract.INCORRECT. Mark has completely performed the contract when he tenders performance. | | 4. | Correct | Which of the following is NOT one of the three levels of performance of a contract?
Your answer: Technical performance.CORRECT. The levels are strict performance, substantial performance, and material breach. | | 5. | Correct | Which of the following is NOT a type of monetary damages available under contractual breach?
Your answer: Equitable reliefCORRECT. Compensatory damages, liquidated damages, consequential damages, and nominal damages are all types of