FL Bar Contracts 3

Question 1

The parol evidence rule prevents introduction of prior or contemporaneous oral agreements that:

Accepted Answer

Contradict the terms of a fully integrated written contract

Answer

Explain ambiguous contract terms

Answer

Establish fraud in the inducement

Answer

Show a condition precedent

Question 2

Which measure of damages is designed to give the non-breaching party the full benefit of their bargain?

Accepted Answer

Expectation damages

Answer

Reliance damages

Answer

Restitution damages

Answer

Nominal damages

Question 3

Under Florida law, contracts for which of the following must be in writing to be enforceable?

Accepted Answer

Agreements to pay another's debt

Answer

Sale of goods under $500

Answer

Lease of goods for less than one year

Answer

Month-to-month residential leases

Question 4

A contractor promises to build a house by June 1st. The owner's duty to pay is an example of:

Accepted Answer

A concurrent condition

Answer

A condition precedent

Answer

A condition subsequent

Answer

An independent covenant

Question 5

A novation differs from an assignment because a novation:

Accepted Answer

Substitutes a new party and extinguishes the original party's liability

Answer

Transfers rights but not duties

Answer

Requires no consent from the other contracting party

Answer

Only applies to personal service contracts

Question 6

Under the doctrine of substantial performance, a breaching party may recover the contract price minus:

Accepted Answer

The cost to cure the deficiency

Answer

The full value of the contract

Answer

Punitive damages

Answer

Nothing — a breach bars any recovery