Deal of The Day! 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 L5M3 Exam - Topic 1 Question 41 Discussion

If an innocent party wishes to terminate a contract due to a breach, which of the following is true?
A) only future obligations of the parties are excused and discharged
B) all obligations of the innocent party are excused and discharged
C) all obligations of the offending party are excused and discharged
D) only past obligations of the parties are excused and discharged

CIPS L5M3 Exam - 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:

0/2000 characters
Submit Cancel
Fanny
9 months ago
C seems off; the offending party's obligations aren't just wiped away.
upvoted 0 times
...
Bette
9 months ago
I didn't know that! Surprised to learn about these distinctions.
upvoted 0 times
...
Orville
10 months ago
Wait, are you sure? I thought it might be A.
upvoted 0 times
...
Juliann
10 months ago
Totally agree with you, B is the right choice!
upvoted 0 times
...
Gladys
10 months ago
I think it's B, all obligations of the innocent party are excused.
upvoted 0 times
...
Barney
10 months ago
I believe the answer could be A, but I also recall something about past obligations being relevant in some cases.
upvoted 0 times
...
Wilda
11 months ago
I'm a bit confused about whether all obligations are excused or just the future ones. I feel like I need to review that part again.
upvoted 0 times
...
Lisandra
11 months ago
I remember practicing a question like this, and I think it was about how the offending party's obligations are discharged too.
upvoted 0 times
...
Rolande
11 months ago
I think if the innocent party terminates the contract, it might only excuse future obligations, but I'm not completely sure.
upvoted 0 times
...
Tomoko
11 months ago
Okay, I've got this. When a contract is breached, the innocent party can terminate the agreement, but the question is about what specific obligations are excused or discharged. I'll review the options closely.
upvoted 0 times
...
Audra
11 months ago
Hmm, this is a tricky one. I'm not entirely sure about the nuances of contract termination due to breach. I'll need to think it through step-by-step to determine the correct answer.
upvoted 0 times
...
Nakita
11 months ago
I think this question is testing our understanding of contract law and the consequences of a breach. I'll need to carefully consider the options and apply my knowledge of contract termination.
upvoted 0 times
...
Golda
11 months ago
I'm a bit confused by the wording of the question. The distinctions between "future obligations," "all obligations," and "past obligations" are not entirely clear to me. I'll need to re-read the question and options carefully.
upvoted 0 times
...
Jesusa
2 years 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 years ago
I agree with Cherry, it's definitely A. Trick question indeed!
upvoted 0 times
...
Tegan
2 years ago
No, I believe it's A. Only future obligations of the parties are excused and discharged.
upvoted 0 times
...
Jennie
2 years ago
I think the answer is B. All obligations of the innocent party are excused and discharged.
upvoted 0 times
...
...
Slyvia
2 years 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 years ago
I think B is the correct answer because the innocent party shouldn't have to fulfill any obligations.
upvoted 0 times
...
Albina
2 years ago
I see your point, but I still think C is the best option.
upvoted 0 times
...
Mabel
2 years ago
But wouldn't it be fair for both parties to have their obligations excused?
upvoted 0 times
...
Renato
2 years ago
I agree, C seems like the most logical choice.
upvoted 0 times
...
...
Iluminada
2 years 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
2 years 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 years 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 years ago
I disagree, I believe it's C) all obligations of the offending party are excused and discharged.
upvoted 0 times
...
Dierdre
2 years ago
I think it's A) only future obligations of the parties are excused and discharged.
upvoted 0 times
...
...
Major
2 years ago
But doesn't it make more sense for the innocent party to be relieved of all obligations?
upvoted 0 times
...
Nell
2 years 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 years 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 years 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
2 years ago
But what about the obligations of the offending party? Shouldn't they also be excused and discharged?
upvoted 0 times
...
Makeda
2 years 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
2 years ago
I disagree, I believe the correct answer is C) all obligations of the offending party are excused and discharged.
upvoted 0 times
...
Major
2 years ago
I think the answer is B) all obligations of the innocent party are excused and discharged.
upvoted 0 times
...

Save Cancel