1. Which of the following is true of the materiality of breach?

Courts generally adopt strict standards to determine materiality.

The magnitude of the breach is of relatively less importance.

There is a no concern about compensating the nonbreaching party.

The timing of the breach is generally taken into consideration.

2. Mr. Green has a month to month lease for an apartment owned by Mr. Blue. The lease between Mr. Green and Mr. Blue is oral. How will the court handle the lease?

The court will recognize and enforce the lease.

The court due to the statute of frauds will not recognize or enforce the lease.

The court will not recognize the lease unless there is a subtenant.

The court will only recognize the lease if requested by the Secretary of State.