dolution

QUESTION 1

1. If a contract calls for performance satisfactory to the personal taste of a party, that party may reject performance on the ground it is not satisfactory even if most people would find the performance acceptable.

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   True

   False

QUESTION 2

1. A tender of performance discharges the obligation of the one making the tender so long as the tender conforms to the agreement

   True

   False

QUESTION 3

1. Which contract is not discharged by impossibility?

   		Acme Co. contracted to sell a pesticide to farmer. The contract was legal when made. Prior to performance, the FDA unforseeably declared the pesticide illegal.
   		XYZ contracted to sell a standard Sony stereo to Bob. Prior to performance, XYZ’s supply of stereos were destroyed by fire. XYZ can obtain the required stereo elswhere to deliver to Bob.
   		Larry, a rodeo star, agreed to appear in TV ads for Manufacturer’s new saddle. Before the ads could be made, Larry died.
   		Maria contracted to sew a custom-made dress for Claire. However, Claire now refuses to give her measurements to Maria.

QUESTION 4

1. Deb rented a stereo for her apartment from Rent Co. Without authorization, Deb sold the stereo to Third Party who did not know that the stereo belonged to Rent Co. Under these facts:

   		Deb was legally entitled to sell the stereo. Third Party received good title to the stereo.
   		Deb should not have sold the stereo. However, since Rent Co. entrusted the stereo to Deb, Deb could transfer Rent Co.’s title and Third Party received good title to the stereo.
   		Deb was not legally entitled to sell the stereo. Third Party did not receive good title to the stereo.
   		None of the above

QUESTION 5

1. Bob can obtain specific performance of which contract?

   		Seller contracted to sell Bob a ranch. Seller wrongfully refuses to convey title.
   		Bob bought a hybrid bull to be used for breeding. Seller wrongfully refuses to perform. The bull is unique and cannot be replaced. Damages cannot be measured.
   		Bob hired Jim to be a ranch foreman. Jim wrongfully refuses to perform.
   		Both (a) and (b) are correct.

QUESTION 6

1. Any alteration to a written contract by one of the parties discharges the contract.

   True

   False

QUESTION 7

1. Currently, registration of copyrights protects authors for their lifetime plus 10 years.

   True

   False

QUESTION 8

1. List the most common ways in which performance can become impossible after the contract is formed, and explain how this affects the contract.