Contractual Obligations and Performance Quiz

Test your knowledge of contract law with questions on valid contracts, breach remedies, defenses, discharge, and more.

Practice Learn Test

Which of the following is an essential element of a valid contract?

Offer and acceptance

Consideration

Capacity

All of the above

What is the legal term used to describe a contract where one party fails to fulfill their obligations?

Breach of contract

Void contract

Executed contract

Unilateral contract

Which of the following is NOT a remedy for breach of contract?

Specific performance

Rescission

Mitigation

Injunction

In contract law, what does the term 'consideration' refer to?

A promise to perform

The exchange of something of value

Mutual agreement

A legal document

What is the difference between a bilateral and a unilateral contract?

In a bilateral contract, only one party makes a promise, while in a unilateral contract, both parties make promises.

In a unilateral contract, only one party makes a promise, while in a bilateral contract, both parties make promises.

Bilateral contracts are written, while unilateral contracts are oral.

There is no difference between bilateral and unilateral contracts.

What does 'privity of contract' refer to?

The state of being a party to a contract

The requirement of consideration in a contract

The capacity to enter into a contract

The legal relationship between contracting parties

What is an anticipatory breach of contract?

A breach that occurs before the contract is formed

A breach that occurs after the contract is fully performed

A breach that occurs before the actual performance is due

A breach that occurs due to unforeseen circumstances

What is the doctrine of promissory estoppel?

A doctrine that allows a party to cancel a contract without consequences

A doctrine that prevents a party from denying the truth of certain facts

A doctrine that requires both parties to provide consideration for a contract

A doctrine that enforces promises made without formal consideration under certain circumstances

Under what circumstances might a contract be considered 'voidable'?

When it is valid and enforceable

When it lacks consideration

When one party was under duress

When it is in writing

#10

Which of the following is NOT a valid defense to a breach of contract claim?

Impossibility

Waiver

Novation

Unilateral mistake

#11

What is the doctrine of substantial performance in contract law?

The principle that minor breaches do not excuse performance

The principle that substantial performance excuses minor breaches

The principle that one party can unilaterally terminate a contract

The principle that performance must exactly match the contract terms

#12

What is the statute of frauds?

A law that requires certain contracts to be in writing to be enforceable

A law that governs the performance of contracts

A law that protects consumers in contract disputes

A law that regulates contracts involving minors

#13

Which of the following is NOT a type of contract discharge?

Performance

Breach

Rescission

Novation

#14

What does the doctrine of frustration of purpose entail?

The inability of one party to fulfill their contractual obligations

The unforeseen circumstances that make a contract impossible to perform

The change in circumstances that makes the purpose of the contract impracticable

The doctrine that excuses a party from performing their contractual duties