If no time for performance is stated in a contract, a reasonable time is implied.

True

False

QUESTION $2$

Mortgage approval is a common condition seen in sales of real property.

True

False

QUESTION $3$

Bankruptcy will allow a person contractual obligation to be discharged without having to perform.

True

False

QUESTION $4$

An intentional failure to comply with the terms of a contract is not a breach.

True

False

QUETION $5$

When an anticipatory repudiation occurs, it is treated as a material breach of a contract.

True

False

QUESTION $6$

A contract will be discharged if unforeseeable circumstances make it impossible to attain the contract$$s purpose.

True false

QUESTION $7$

Anticipatory repudiation is when one party, even though it$$s not yet time to perform, says that they are not going to perform their obligations under a contract.

True

False

QUESTION $8$

A contract comes to an end when both parties fulfill their respective duties by performing the acts they have promised.

True

False

QUESTION $9$

Material Breach is the nonperformance of a contractual duty on a material issue.

True

False

QUESTION $10$

Even if both parties agree, a contract can$$t be rescinded $($cancelled$)$ once it is made.

True

False