1. When a contract's performance is not impossible, how can it be discharged by operation of law?
2. Differentiate between compensatory and punitive damages?
3. What conditions must be satisfied in order for a contract to be formed when certain terms are left open? What terms (in addition to price) can be left open?
4. When does risk pass (a) under a shipment contract? (b) Under a destination contract? (c) In a sale on approval?
5. What does "good faith" mean under the UCC?