A breach of contract cannot occur until the exact time for


1. Which of the following is a true statement?

A. Substantial performance alone entitles the performing party to full and immediate payment of the purchase price.

B. A breach of contract cannot occur until the exact time for performance of the duty in question.

C. A supervening illegality makes a contract voidable.

D. One purpose of compensatory damages is to place the aggrieved party in the position that he or she was in before the breach of the contract.

2. The person who can accept an offer is known as

The acceptor

The offeror

The assignee

The offeree

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