2. Contracts

Conditions And Performance — Quiz

Test your understanding of conditions and performance with 5 practice questions.

Practice Questions

Question 1

Which of the following best describes a condition concurrent in contract law?

Question 2

A contract for the sale of a house includes a clause stating that the buyer's obligation to purchase is contingent upon obtaining a mortgage approval within $30$ days. This is an example of what type of condition?

Question 3

If a contract for the development of a custom software application includes a clause stating that the client's payment obligation will cease 'if the software fails to pass security audits for three consecutive months,' this is an example of a:

Question 4

When a contract for a service involves a matter of mechanical fitness or utility, what standard of satisfaction is generally applied?

Question 5

A contract for the construction of a custom yacht includes a clause that the final payment is due 'upon the owner's personal satisfaction with the craftsmanship.' If the owner is genuinely dissatisfied with a specific aesthetic detail, even if a reasonable person would find it acceptable, what standard of satisfaction applies?