Liberty BUSI 301 Connect Homework Chapter 7 Answers Complete Solutions
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impracticability requires that the performance becomes .
identify the types of contracts that the statute of frauds applies to. (Check all that apply.)
it is important for managers to understand that, to prevail, the impossibility must be (a reasonable person would consider the obligation impossible to perform) rather than .
If is proven, the influenced party can avoid the contract.
a contract can be discharged by operation of law in the following doctrines: (Click all that apply)
beneficiaries may not sue to enforce contractual rights.
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The party making the assignment is known as the , and the third party receiving the rights is the .
For a contract to be enforceable, the agreement must be the products of genuine __
If the elements of contract formation are satisfied, the contract must still __
A lack of genuine assent occurs in all of the following cases except __
__ occurs when one party to an agreement makes a promise or representation about a material fact that is not true.
__ misrepresentation occurs when a party has actual knowledge that the representation is not true.
__ occurs where one party to a contract uses any form of unfair coercion to induce another party to enter into or modify the contract.
__ occurs where a party is improperly pressured to enter into a contract by the other party with whom they have a trusted relationship.
__ is a defense that allows a court to avoid a contract due to gross unfairness.
The signature of the __ is the one element of contract formality that is uniformly required.
Using the Statute of Frauds as an affirmative defense to a contract can render that contract __.
A contract that contains the words “provided that” means that __ is contained in the agreement.
A __ means that an event that must occur before performance under a contract is due.
Generally, courts allow the party who has __ to be paid the full amount of the contract price less any costs suffered.
If neither party has fully performed, the parties may agree to cancel the contract, also known as __.
Under the doctrine of , the parties agree to accept substitute performance in discharge of the existing performance obligation.
The parties to a contract may also discharge their obligations by replacing the original contract with a substitute agreement, also known as a(n) __.
Impossibility can be claimed in all the following events, except __
If the burden is both __ and __, courts my hold the performance is impracticable and allow the burdened parties’ obligations to be discharged before performance.
An agreement must lack a mistake in order to be legally enforceable.
The __ rule states that a writing intended to be the final expression of an agreement may not be contradicted by a prior agreement.
The Statute of Frauds is a(n) __ defense to a breach of contract claim.
To prevail, the party trying to enforce the contract must show she acted in good faith and that any deviation from the required performance was __.
In some cases after the parties have formed a contract, unexpected events can discharge a contract by operation of law.