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Contract condition, Business Law and Ethics

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1. What is the difference between modifying a contract under common law and modifying a contract under the UCC?

2. What is a "waiver" and what are its implications?

3. What is a contract condition?  

4. What is the difference between a promise and a condition?

5. How are conditions enforced?

6. What are the sources of contract conditions?  

7. What are express conditions & provide 2 examples?

8. What are implied in fact conditions and provide 2 examples?

9. What are constructive conditions and provide 2 examples?

10. What is substantial performance and the effect on a contract breach?

11. How do you determine if there has been substantial performance?

12. What is the difference between a condition precedent and a condition subsequent?

13. What is a significant issue that can arise if a condition o the contract is that the buyer's liability to pay is based solely on their full and complete satisfaction with the seller's performance?

14. What issues arise from a statement of work provision that incorporates, "fully, any and all related publications?"

15. Why is it important to carefully articulate any conditions within a contract?

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