Blog

An offer of performance is known as ______ when parties offer to perform and are ready, willing, and able to perform.

A mistake that is shared by both parties to an agreement is a[n] ________ mistake.

What is absent when a mistake of fact occurs?

The terms that would allow a court to determine what the damages would be in the event that one of the parties breaches the contract, are the ____ terms of a contract.

What is the term for giving a loan at an interest rate that exceeds the legal maximum?

A bank cannot continue to try to repossess a vehicle from a debtor who has filed for bankruptcy because of the ________.

When a party’s obligations under a contract are terminated, the party is said to be ________.

What is the most likely outcome when an assignment is made in violation of an antiassignment clause?

Which of the following is the reason the Uniform Commercial Code was drafted?

Which of the following is NOT part of the basic set of procedures for bankruptcy cases?