Online Access Free L5M3 Practice Test

Which of the following is not a way in which a contract can end?

• A.agreement
• B.litigation
• C.performance
• D.breach

When there has been a major breach in a contract, the contract will be terminated. Is this statement true?

• A.yes- the contract must be terminated as there is no means by which the contract could continue after a major breach
• B.no- the contract can be affirmed by the injured party
• C.no- the contract can continue if the offending party proves that further breaches won't occur
• D.yes- the contract will be terminated and damages sought

When assessing damages caused by a breach, which of the following statements is true?

• A.damages can be difficult to assess before a breach has occurred and therefore should be decided through conflict resolution
• B.damages attempt to position the innocent party in the position that they would have been in had the contract been performed as expected
• C.damages attempt to compensate the innocent party for errors made by the offending party
• D.damages are limited to what is stated within the contract

Which of the following will you put into box 7?

• A.arbitration
• B.litigation
• C.mediation
• D.adjudication

Which of the following will you put into box 6?

• A.arbitration
• B.litigation
• C.mediation
• D.adjudication