Question: 1 3 . When an agent, in his capacity as agent, negotiates an agreement, a binding contract is created between a . Principal and Agent

13. When an agent, in his capacity as agent, negotiates an agreement, a binding contract is created between
a. Principal and Agent
b. Principal and Third Party
c. Agent and Third Party
d. Principal, Agent and Third Party
14. Regarding the distinction between terms and representations, which is correct?
a. Statements of opinion are not usually representations b. Where a seller represents something as true which is not true, the buyer can always
sue for breach of contract e. What the parties subjectively intended will determine whether the statement is a
representation or a term
d. The importance of a statement is irrelevant to whether it is a representation or a term
15. Which one of the following may result in a judge ordering that a contract is terminated due to frustration? a
. An intervening change in circumstances making performance of the contract more difficult for the seller
b. An intervening, but foreseeable, catastrophic event which delays the seller's performance of the contract
c. An intervening and unforeseeable catastrophic event that makes performance of the contract by either party impossible
d. A change in the relationship between the parties whereby one party complains that he can no longer work with the other party

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