16 Brief Hypotheticals.docx - Antonio owns property on...

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Antonio owns property on which a gasoline station once stood. Josh agrees to buy the land so that he can build an office on it. They include language in the contract making the purchase contingent on a determination that there are no environmental problems with the property. The contingency represents a(n): a. condition subsequent. b. condition precedent. c. implied condition. d. concurrent condition. Rick agrees to buy 20 acres of land from Tina. Three weeks before the deal is to close, Rick calls Tina and says, “The deal is off!” In this situation, Rick’s actions constitute: a. a reformation of the contract. b. anticipatory repudiation of the contract. c. substantial performance of the contract. d. a discharge of the contract by novation. Johanna agrees to purchase Jessie’s land so that she can build a golf course. They write a contract, and Johanna transfers the deed to Jessie. Jessie pays Johanna the entire purchase price. Johanna and Jessie have discharged their contract by: a. performance. b. breach. c. lapse of time. d. concurrence. Jim contracted with United Technologies to install 5,000 feet of Rocketfish Cat–5e network cable in his new office building. United installed 5,000 feet of Dynex Cat–5e network cable instead. The types of cable are essentially the same. When Jim sued for breach of contract, the court likely found that United’s actions constituted: a. incomplete performance. b. material breach. c. substantial performance. d. complete performance. Mateo and Astrid have a contract where Mateo will sell his used Ford Bronco to Astrid for $1,400. They are to trade the vehicle for cash on Tuesday. In this contract there is: a. no condition.

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