Question

its a Legal Framwork business class

A discharge by agreement can occur in any of the following situations except:A discharge by agreement can occur in any of the following situations except:​

	a.	​release.
	b.	​death of the obligor.
	c.	​accord and satisfaction.
	d.	​mutual rescision.

5 points   

QUESTION 14

A contract may be discharge in all of the following scenarios except:​

	a.	​death or disability
	b.	​weather conditions
	c.	​destruction of subject matter
	d.	​commercial impracticability

5 points   

QUESTION 15

By operation of law, a party can be discharged in bankruptcy from debts.​

True

False

5 points   

QUESTION 16

Payment by check is a conditional payment.​

True

False

5 points   

QUESTION 17

​Sales of goods transactions are subject to a statute of limitations period of:

	a.	​three (3) years.
	b.	​four (4) years.
	c.	​two (2) years.
	d.	​one (1) year.

Answer 1

Question 13: A discharge by agreement can occur in any of the following situations except in case of death of obligor. If in case of death of obligor his legal representative is bound to perform.

So answer is Option B.

Question 14: A contract may be discharge in all of the following scenarios except in case of weather conditions. So the answer is Option B

Question 15: True because the other party cannot enforce his contarct against a bankruptcy party.

Question 16: True. Reason is cheque is type of conditional payment and the condition attached is it will be paid on presentation of cheque in bank.

Question 17: As per article 8 of United Nations convention on the limitation period in sale of goods, the limitation period is FOUR years. So the answer is Option B.

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