For the parties to enter into an accord and satisfaction that discharges the original obligation, there must be a bona fide dispute.​

​ “Without reserve” auctions give the auctioneer the right to withdraw the goods from the sale process if the bids are not high enough.

In states that follow the community property tradition, property acquired after the marriage belongs solely to the party who acquired it.

​When a party expressly declares before the time for performance arrives that the contract will not be performed, such a declaration is called an anticipatory repudiation.

​If monetary damages would be an adequate remedy, then an action for specific performance is not appropriate.

A right in a thing is considered property.

​In some cases the court may require specific performance, whereby the court will order the contractual performance to be carried out.

​A bailee’s __________ gives the bailee the right to maintain possession of the bailed property until reasonable storage and/or repair charges are paid.

Which of the following is not a third-party beneficiary contract?​

Joint tenancy and tenancy in common both feature the right of survivorship.