Question

Question 25 2 pts Discover T Father and his 19-year-old son were having a heart to heart conversation. Father told his son that would pay him $1,500 if he stayed in school for a year. This is an example of A 5 an assignment O a concurrent condition O a condition precedent O a gift O a condition subsequent

Answer 1

Q. 25. The correct answer is : A Condition Precedent

A condition precedent is an event that must exist as a fact before the promisor incurs any liability pursuant to it. Son's staying at school for one year is a condition precedent to the father fulfilling his promise to pay $1500

Q. 23. The correct answer is : Promise.

Merely the use of the word "Promise" does not indicate the existence of a condition. All other words in the question are definitive indicators of conditions.

Q. 22. The correct answer is : Punitive Damages

Punitive Damages can be claimed by a plaintiff when the defendent has caused him a wrong or offence as a result of the breach of contract. The generally accepted principle in respect of punitive damages is that Punitive Damages are not available for breaches of contract except when it is proven that the breach was wanton, willful and deliberate.

Q. 21. The correct answer is : True

When a breach of contract occurs, the non-breaching party obligated (has a duty) to mitigate damages i.e. to take all possible reasonable actions to minimize the damages which can be caused as a consequence of breach of contract