Mbe Contract Law: Performance, Breach, & Discharge Flashcards Actual Exam 2025-2026 Updated Questions And Accurate Answers

MBE Contract Law: Performance, Breach, & Discharge Flashcards actual exam 2025-2026 updated questions and accurate answers Learn about: - Conditions & excuse - Breach - Good faith obligations - Warranties - Aspects of performance (cure, notice, risk of loss, etc) - Impossibility - Frustration of Purpose - Impracticability - Discharge Q1 Define condition A Action or event that is required to take place before performance is triggered/due 2 Q What is the difference between a condition vs. a promise?A Condition: dependent on other events to trigger act/performance (ex. if you clean your room, I will take you out for pizza) Promise: does not depend on other events/actions to trigger duties (ex. I promise to take you out for pizza next Thursday) 3 Q Define condition precedent A Condition must take place before performance/another event is triggered (e.g. Max will take Kathy on a trip to Europe if he passes the bar exam) 4 Q Define condition subsequent APerformance is not excused until after event occurs (e.g. Max will continue taking the bar exam until he passes it) 5 Q Define concurrent condition A Each party is required to perform at the same time 6 Q Define express condition A Expressly