Which of the following is not a commonly recognized way by which a party's contractual obligations can be terminated?Multiple choice question.A material breach by one of the parties to the contractOperation of lawA material breach by both of the parties to the contractA labor cost increase

Which of the following is a way a party’s contractual obligations can be discharged?Multiple ChoiceOne party has changed their mind about the contractThe failure of a condition to occurPersonality conflicts among the partiesDisagreement between the partiesUnhappiness with the contract terms

Which of the following is not a means by which parties to a contract may agree to discharge each other from their obligations?Multiple choice question.Mutual remunerationNovationSubstituted contractAccord and satisfaction

Multiple Choice QuestionThe primary method of resolving conflicts and business disputes using civil law is through _______.Multiple choice question.contractsmediationregulationslawsuits

A(n) Blank______ occurs whenever a party fails to perform her obligations under the contract.Multiple choice question.material breachsubstantial breachbreachrescission

Which of the following are not elements of a written agreement under the statute of frauds? (Check all that apply.)Multiple select question.The parties to the agreement must be identified.The agreement must be signed by an agent, not the principal to the contract.The agreement must be profitable for both parties.All pertinent terms must be listed.