Zinedine Entered into a Contract with Sporting Press Inc to Write

question 45

Multiple Choice

Zinedine entered into a contract with Sporting Press Inc to write an instructional book about soccer. Under the terms of that agreement, he was required to deliver the manuscript of the book to the company by December 31. On October 1, however, Zinedine telephoned Sporting Press and explained to the editor that, due to other commitments, he would not be able to perform his obligations on schedule. Which of the following statements is TRUE?

• A) Unless the parties agreed otherwise, the time of Zinedine's performance was of the essence.
• B) Zinedine has committed an anticipatory breach.
• C) If Sporting Press does not respond to Zinedine's statement, a court will assume that the contract has been discharged.
• D) Sporting Press must discharge the contract now or never, since it is not entitled to wait until December 31 before it makes its decision.
• E) Sporting Press is entitled to demand performance, but it cannot force Zinedine to pay damages.

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Definitions:

Fair Bargain

An agreement between parties that is equitable and just, where each party receives a benefit in exchange for what is given.

Enforce Promises

The legal ability to ensure that agreements or commitments are carried out, often through contract law.

Adequacy Of Consideration

Evaluation of whether the value exchanged in a contract is fair and sufficient, although the law often requires only some value to be exchanged.

Electronic Commerce Legislation

Laws and regulations that govern online business transactions.