Question: 1. The Uniform Commercial Code does not recognize any such thing as a substantial performance. In its place, it requires for there to be a(n):

1. The Uniform Commercial Code does not recognize any such thing as a substantial performance. In its place, it requires for there to be a(n):

A. demand of reasonable assurance.

B. anticipatory breach.

C. perfect tender.

D. implied condition.

2. When performance cannot be undertaken except with extreme difficulty or at highly unreasonable expense, it might be excused on the theory of commercial impracticability.

A. True

B. False

3. A condition precedent terminates a contract obligation upon the happening of an event in the future.

A. True

B. False

4. Buyer agreed to buy Seller's house for $270,000. Buyer was relying a loan from her father to make the deal, but after Buyer signed the contract her father fell ill and was unable to make the loan. Buyer is excused from performance by impossibility.

A. true

B. false

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