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Question 17 2.5 out of 2.5 pointsAn employment contract is an example of a personal satisfaction contract.
Question 18 2.5 out of 2.5 pointsThe law strongly prefers to apply the objective standard to contracts because Question 19 2.5 out of 2.5 pointsHarry agreed to pay $100 to rent a rooftop spot in downtown Seattle to watch the New Year's Eve festivities. The festivities were unexpectedly canceled because of concern over a terrorist attack. Harry is Question 20 2.5 out of 2.5 pointsA court may, at times, discharge a party who has not performed. Question 21 2.5 out of 2.5 pointsThe legal right to sue for a breach of contract is subject to a statute of limitations. Question 22
2.5 out of 2.5 pointsDodger bought an insurance contract from Liberty Farm Co. The policy contained a clause stating thatall claims for losses had to be reported within 45 days after the date of the loss or the claim would be barred. Time is stated to be of the essence. Dodger sustained a covered farm loss, but did not report it to Liberty Farm until 50 days later. Liberty Farm denied coverage for the claim. If Dodger sues, who wins? Question 23 2.5 out of 2.5 pointsThe statement, “You will have a job with Snelling & Snelling as long as you complete your degree in business administration this May” does not create a condition because it does not include the phrase “provided that.” Question 24 2.5 out of 2.5 pointsM & E contracted to sell 500 music stands to Coda, Inc. M & E shipped the stands in accordance withthe agreement. Coda paid for the stands as promised. The contract between M & E and Coda is discharged by Question 25 2.5 out of 2.5 pointsStatutes of limitations Question 26 2.5 out of 2.5 points