An executory contract is one that has not been fully performed by one or all of the
parties.
Clauses in contracts prohibiting assignments and delegations are invalid.
An actual ____________________ of ____________________ occurs when one party
to a contract fails to perform the obligations required.
Statements by salespersons expressing their opinions about the products they sell
constitute express warranties.
The written agreement that creates a partnership and outlines the partners’ rights, duties,
and powers is the ____________________.
A postdated check is unenforceable.
Subjective impossibility usually discharges a contract.
An agreement by a debtor permitting payment by an employer of a portion of the
debtor’s wages to a creditor is known as a(n) ____________________.
An instrument “payable to order” is payable to a specific person or to anyone that
person designates.