Most contracts are discharged by rescission

Assignment Help Operation Management

Reference no: EM132267141

TRUE OR FALSE

1. To be enforceable, a memorandum evidencing an oral contract must include all essential terms.?

2. Most contracts are discharged by rescission.

3. ?Prenuptial agreements are agreements made during a wedding ceremony that define each partner’s duties to one another during the marriage.

4. An integrated contract is the final embodiment of the terms of an agreement.?

5. To be enforceable, a contract for a sale of goods priced at $500 or more should be in writing.?

6. Any breach discharges the non breaching party from the contract.?

7. Normally, when a non breaching party has been damaged by a breach of contract, he or she has a duty to mitigate those damages.

8. Misrepresentation of law ordinarily entitles a party to relief from a contract.?

9. ?A material breach occurs when performance is substantial, but not complete.

10. To be enforceable, a writing evidencing an oral contract must have been signed by the party who seeks to enforce it.?

Reference no: EM132267141

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