Determine whether the following statements are True (T) or False (F). Place a "T" or an "F" on the blank line next to each question. If the statement is "F" provide a corrected statement:

1] In a novation a third party is released of all obligations prescribed in the second contract_____

2] Punitive damages are awarded to plaintiff for their good behavior______

3] An injunction is an equitable remedy__________

4] To determine damages involving goods use the equation "market price - contract price = damages"______

5] When performed, satisfaction in a third party may be either a condition precedent or a condition subsequent______

6] A contract involving integrated installments over a year must be written_______

7] Modern law also recognizes the common law rule for anticipatory repudiation_______

8] An incidental beneficiary may force enforcement of a contract_____________

9] Where the subject matter of a contract is ambiguous it may be corrected in restitution______-

10] Where a party to a contract transfers a benefit and an obligation to the same third party, then that party is no longer liable under the contract________