Question 1 options:

Ezra signs a written contract with Jai agreeing to buy a 2002 Honda Civic from him for $5000.Ezra tells Jai that he has lost his job and he will not be buying Jai's car.Later that day, Jai sells the car to someone else for $3000.Jai's damages in this situation are

.

Question 2(3 points)

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Which of the following are true about remedies?

Question 2 options:

1)

Specific performance is only available for goods that are easily replaced.

2)

A warranty is a contract term that entitles a party to rescission of the contract.

3)

Recission goes backwards, money or property is returned; damages goes forwards, meaning the plaintiff claims their loss of profit.

4)

According to the principle of remoteness, if unusual circumstances were not communicated to the offending party at the time the contract was formed, damages for the unusual circumstances are not recoverable by the plaintiff.

5)

A person claiming frustration must establish that the event arose without either party's fault.

6)

Everyone who suffers a breach of contract has a duty to mitigate.

Question 3(2 points)

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Which of the following is/are voidable?

Question 3 options:

1)

A contract with a 17 year old athlete who is being paid too little for their performance

2)

A contract with an adult athlete who is being paid too little for their performance

3)

A contract where a minor is making monthly payments for a computer they are using for gaming

4)

A contract where a minor is making monthly payments for a gaming computer they require for training they are taking to learn computer programming for gaming.

Question 4(1 point)

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Jennie is signs a written contract with Geraldine agreeing to buy a collectable work of art from her for $4000. Jennie tells Geraldine that she has lost her job and will not be buying Geraldine's work of art. Geraldine mentions this to Freddie, who buys the artwork for $4000. What is the amount of Geraldine's damages?

Question 4 options:

1)

$0 due to frustration

2)

$0 due to mitigation

3)

$4000 due to frustration

4)

$4000 due to breach of contract

5)

$8000 due to frustration

6)

$8000 due to breach of contract

Question 5(1 point)

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Greg and Norma were parties to a contract wherein Greg agrees to deliver 20 pounds of organic strawberries to Norma every Friday in August.Unfortunately, in July, all of the plants from Greg's regular supplier were destroyed by hail. Greg can buy organic strawberries from his neighbour, Sue, but these are twice as expensive. Greg stops delivering strawberries. How has this contract ended?

Question 5 options:

1)

Performance

2)

Agreement

3)

Frustration

4)

Breach of condition

5)

Breach of warranty

Question 6(1 point)

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You give your customer a written contract to sign.Your customer says that he does not read English very well, and cannot understand the contract.You tell your customer that he can take the contract home and either get legal advice, or have someone read and explain the agreement to him.He says "no, I don't have time for that, I'll just sign."He signs.Now, he wants to end the contract. Which of the following is correct?

Question 6 options:

1)

The contract is valid.

2)

The contract is void.

3)

The contract is voidable by you.

4)

The contract is voidable by the customer.

Question 7(1 point)

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Your aunt and uncle's banker has been working with them for 30 years.Your aunt and uncle are in their 80s and the banker gets them to sign a contract agreeing to pay back your cousin's loan.Your aunt and uncle did not read the agreement, because they trust their banker, and he said the agreement was "just a formality". This is an unconscionable transaction because:

Question 7 options:

1)

The contract is valid

2)

The contract is voidable by the customers due to duress

3)

The contract is voidable by the customers due to misrepresentation

4)

The contract is voidable by the customers due to capacity.

Question 8(1 point)

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You hired a painter to paint your living room. You need this done before December 20, so that you can enjoy it for Christmas. The painter is unable to do the job as she contracts COVID 19 and is very sick. You are very upset about this and want to know what you can do. How has this contract "ended"?

Question 8 options:

1)

Performance

2)

Agreement

3)

Frustration

4)

Breach of condition

5)

Breach of warranty

Question 9(1 point)

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You have a contract to buy a car.The vendor said the car had 120,000 kilometers on it and it had never been in an accident. In fact, the car had been in a previous accident, and the frame was bent. Which of the following is correct?

Question 9 options:

1)

This is a breach of warranty. You can end the contract and sue for your damages.

2)

This is a breach of warranty. You cannot end the contract. You must buy this car but you may sue for your damages.

3)

This is a breach of condition. You can end the contract and sue for your damages.

4)

This is a breach of condition. You cannot end the contract. You must buy this car but you may sue for your damages.

Question 10(3 points)

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Rick agrees to Ranelle some old coins for $100. Rick pays, then Ranelle refuses to deliver the coins because she discovers that though most of the coins are unremarkable, one is very collectible and is worth $500,000. Rick does not know whether to sue for rescission, damages or specific performance in the above situation. Explain each of these remedies to him and also explain what he would get if he were to be successful for each of these remedies. For example "Rescission means ....... Rick would get .... if he were given rescission."

Question 10 options: