BUSI 2301 CHAPTER 10 HW - Business Law 2301 CHAPTER 10 HW...

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Business Law 2301 CHAPTER 10 HW Question 1 A novation revokes and discharges a prior contract. TRUE Question 2 A party seeking to recover in quasi contract must show that he or she acted without reasonably expecting to be paid. FALSE Question 3 An "assignment of all rights" absolves the assignor of all liability under the contract that created the rights. FALSE Question 4 Damages are designed to punish a breaching party and deter others from similar conduct. FALSE Question 5 A breach of contract may entitle the innocent party to rescind the contract. TRUE Question 6
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