Question $49$

One method by which a contract may be discharged $"$by operation of law" is a contracting party's filing of a bankruptcy petition. If a business files a bankruplcy

petition that seeks to "reorganize" the business, and to discharge some of its current debt, it will file a

bankruptcy petition.

Chapter $3$

Chapter $5$

Chapter $7$

Chapter $9$

Chapter $11$

Question $50$

One method by which a contract may be discharged $"$by operation of law" is by alteration of a written contract. If one party alters a written contract after it has

been signed, the other party possesses three options: $(1)$ enforce the written contract, in its original form; $(2)$ enforce the written contract, as it was altered;

and$/$or $(3)$ be completely relieved of any obligation to perform the written contract.

True

Fase

Question $51$

Pursuant to a witten contract, Frontier Candle Company $($FCC$)$ shipped a large inventory of candles to a local gift shop called "Unmeasurabile Therumes" Nur$)$

comlract. UT did not pay FCC$\text{'}$s $$3\mathrm{.}500\mathrm{.}00$ invoice. Red