OBJ. 2 REVIEW

After being threatened at gunpoint, dale cancels his contract based on which part of a genuine agreement?

Duress

Curt and Carrie sign a real estate contract to purchase a historic home. in the body of the contract, a change is handwritten. what law requires the contract to be written?

Statue of Frauds

John sold a watch he owned to Jim. what term is used to identify the watch in this transaction for Jim?

Benefit

A contract to charge a set price with competitors violates which element?

Legality

Marco and Angelica are purchasing their first home. What law requires that their contract be written?

Statue of Frauds

Carter Construction is building the new civic arena. the construction is expected to take over two years to complete. The contract must be in writing according to which law?

Statue of Frauds

A world-famous artist dies suddenly before finishing several projects. How will all of the artist's contracts be discharged?

Impossibility of Performance

Unable to pay off a $250 contract, Jon wants to change the contract by giving something worth $250 to Peter. How was the contract discharged?

Accord and Satisfaction

A 40-story building is completed on time but has a slightly different tile floor in one room than required by the contract. How was the contract discharged?

Substantial

An environmental group is suing to stop the clear-cutting of trees by a local developer. What type of remedy will the group request?

Injuction

After agreeing to sell her home to Jack,Lila refuses to turn over the paperwork due to a better offer from Sam.Since the home is unique, Jack needs to sue for what type of damages?

Specific performance

Bill transfer his rights to renting his apartments to Bob. How was the contract transferred?

Assignment