Performance and Breach - Problem Set for Competitive Exams

Performance and Breach - Problem Set

Q. If a contract is breached, what can the non-breaching party seek?

Solution

The non-breaching party can seek either damages or specific performance as remedies.

Correct Answer: C — Damages or specific performance

Q. If a party fails to perform their obligations under a contract, what is this called?

Solution

Failure to perform obligations under a contract is termed a breach of contract.

Correct Answer: A — Breach of contract

Q. What does 'specific performance' mean in the context of contract law?

Solution

Specific performance is a court order requiring a party to fulfill their contractual obligations.

Correct Answer: B — A court order to fulfill the contract

Q. What is an anticipatory breach?

Solution

An anticipatory breach occurs when one party indicates they will not perform their contractual obligations.

Correct Answer: B — A party's indication that they will not perform their obligations

Q. What is required for a contract to be considered valid?

Solution

A valid contract requires an offer, acceptance, and consideration.

Correct Answer: A — Offer, acceptance, and consideration

Q. What is the primary remedy for a breach of contract?

Solution

The primary remedy for a breach of contract is typically damages.

Correct Answer: C — Damages

Q. Which of the following is a valid defense to a breach of contract claim?

Solution

All of the listed options can serve as valid defenses to a breach of contract claim.

Correct Answer: D — All of the above

Q. Which of the following is NOT a type of breach of contract?

Solution

Partial breach is not a recognized type of breach; the correct terms are minor, material, and anticipatory breaches.

Correct Answer: D — Partial breach

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