1. Implied conditions are those conditions which _______.

Multiple Choice

a. are explicitly stated in the terms of the agreement

b. the parties determine based upon an accord and satisfaction

c. are not explicitly stated in the contract but are inferred from the nature and language of the contract

d. the parties may choose to enforce before their obligations to perform under the contract arises

2. Nominal damages are primarily

Multiple Choice

a. designed to compensate the plaintiff for the loss he or she suffered due to a breach of contract.

b. granted when parties to a contract need any remedy other than money damages.

c. designed to signify that the plaintiff has been wronged by the defendant.

d. foreseeable damages that result from special facts and circumstances arising outside a contract itself.

3. A _______ is a particular event that must occur in order for a partys duty to arise.

Multiple Choice

a. condition precedent

b. condition subsequent

c. concurrent condition

d. material condition

4. Money damages are also known as _______ damages while remedies that result in nonmonetary damages are known as _______.

Multiple Choice

a. legal; equitable

b. equitable; legal

c. complete; substantial

d. material; nonmaterial