New Year Sale ! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

CIPS Exam L5M3 Topic 1 Question 41 Discussion

Actual exam question for CIPS's L5M3 exam
Question #: 41
Topic #: 1
[All L5M3 Questions]

If an innocent party wishes to terminate a contract due to a breach, which of the following is true?

Show Suggested Answer Hide Answer
Suggested Answer: A

The correct answer is 'only future obligations of the parties are excused and discharged' - all cur-rent and past obligations need to be fulfilled, or remedied (e.g. through liquidated damages). When an innocent party terminates a contract, they are still obliged to fulfil their own obligations. P.47


by Shayne at Sep 17, 2024, 11:39 PM

Limited Time Offer

25%

Off

Get Premium L5M3 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Jesusa
3 months ago
Trick question! The answer is obviously A. You can't just get out of future obligations because of a breach. That would be way too easy.
upvoted 0 times
Cherry
2 months ago
I agree with Cherry, it's definitely A. Trick question indeed!
upvoted 0 times
...
Tegan
2 months ago
No, I believe it's A. Only future obligations of the parties are excused and discharged.
upvoted 0 times
...
Jennie
2 months ago
I think the answer is B. All obligations of the innocent party are excused and discharged.
upvoted 0 times
...
...
Slyvia
3 months ago
Hmm, I'm torn between B and C. But I think C makes the most sense - the offending party should be the one facing consequences, not the innocent party.
upvoted 0 times
Lashon
2 months ago
I think B is the correct answer because the innocent party shouldn't have to fulfill any obligations.
upvoted 0 times
...
Albina
2 months ago
I see your point, but I still think C is the best option.
upvoted 0 times
...
Mabel
2 months ago
But wouldn't it be fair for both parties to have their obligations excused?
upvoted 0 times
...
Renato
2 months ago
I agree, C seems like the most logical choice.
upvoted 0 times
...
...
Iluminada
3 months ago
D is the correct answer. Only past obligations are excused, not future ones. Gotta love those tricky contract law questions!
upvoted 0 times
...
Janey
3 months ago
I'm going with C. The offending party should be the one whose obligations are excused and discharged, not the innocent one.
upvoted 0 times
Whitley
2 months ago
I'm not sure, but I think it might be D) only past obligations of the parties are excused and discharged.
upvoted 0 times
...
Ben
2 months ago
I disagree, I believe it's C) all obligations of the offending party are excused and discharged.
upvoted 0 times
...
Dierdre
3 months ago
I think it's A) only future obligations of the parties are excused and discharged.
upvoted 0 times
...
...
Major
3 months ago
But doesn't it make more sense for the innocent party to be relieved of all obligations?
upvoted 0 times
...
Nell
3 months ago
Option B seems like the most logical choice here. If the contract is terminated due to a breach, the innocent party should be fully relieved of their obligations.
upvoted 0 times
Burma
2 months ago
That's a good point. It's important to consider both parties' obligations when terminating a contract due to a breach.
upvoted 0 times
...
Yolande
2 months ago
I think only future obligations of the parties are excused and discharged, so option A might be the correct choice.
upvoted 0 times
...
German
3 months ago
But what about the obligations of the offending party? Shouldn't they also be excused and discharged?
upvoted 0 times
...
Makeda
3 months ago
I agree, option B makes the most sense. The innocent party shouldn't have to fulfill any obligations if the contract is terminated.
upvoted 0 times
...
...
Kris
3 months ago
I disagree, I believe the correct answer is C) all obligations of the offending party are excused and discharged.
upvoted 0 times
...
Major
3 months ago
I think the answer is B) all obligations of the innocent party are excused and discharged.
upvoted 0 times
...

Save Cancel