Question 1 0.5 pts 1. True or False. When a party is discharged from a contract, it means that all the duties were fully performed and the contract is terminated. True False TA3 Ti At Question 2 0.5 pts 2. True or False. When the parties of a contract agree to rescind, they effectively terminate the contract by mutual agreement. True False Question 3 0.5 pts 3. Which of the following are true about a condition of a contract? A. A condition is defined as an event that must occur after a party becomes obligated under a contract. B. A condition is defined as an event that must occur before a party becomes obligated under a contract. C. Special language is necessary to create the condition D. Both A and C are correct Question 4 4. Which of the following are true about a condition subsequent? A. This type of condition must occur after a particular duty arises. B. This type of condition must occur before a particular duty arises C. Both parties have a duty to perform simultaneously. D. None of the above. 0.5 pts D Question 5 0.5 pts 5. When a contract is performed imperfectly, courts look for substantial performance of the contract. Which of the following are including in the four factors to be considered in determining substantial performance? A. Was the portion of the contract completed for its intended purpose? B. How much benefit was received? C. Did the parties act in good faith? D. Can compensation be offered to cure the defect? E. All of the above