Practice Performance (8.3) - General Principles of Contracts Management

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9 questions

Flashcard drill
4 cards from this section. Quick, good the night before a test.
Exercise
6 questions · about 4 min · pass mark 70%. Hints available.
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Quiz
3 questions · about 2 min · pass mark 70%. Hints available.
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6 sample questions

Question 1.
What is performance in contract law?
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Think about the main purpose of any contract.
Question 2.
What is one example of excusable non-performance?
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Look for events that are out of control.
3Question 3.
What is meant by contract performance?
- Fulfilling contractual obligations
- Negotiating terms
- Ignoring contract terms
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Think about the purpose of contracts.
4Question 4.
True or False: Non-performance can always lead to penalties.
- True
- False
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Consider circumstances that excuse obligations.
Question 5.
A contractor misses a deadline due to unforeseen flooding but fails to provide any documentation. Discuss the implications based on performance standards.
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Consider how documentation relates to proving inability to perform.
Question 6.
Discuss the long-term ramifications for a business that frequently fails to perform contracts as promised, even if they provide excuses.
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Reflect on business reputations and client relationships.

5 more questions in this section. Enroll free to practise them all.