• Business Report
    Discuss discharge of contract and whether and how each of the contracts between F&A and the musicians were discharged. Briefly discuss likely remedies, if any. (B) Discuss remoteness of damages and whether Pedro would be successful in claiming compensation for the lost recording contract. A possible...
    Premium 2651 Words 9 Pages
  • All the Notes Needed
    occur after the original contract was made. Terminology and the effect of an assignment Assignor--------The party “assigning the rights” to a third party. Assignee--------The third party “receiving the right”. * The assignee (third party has the right to demand performance from the original party)...
    Premium 2536 Words 10 Pages
  • THE CONSTITUTION OF ZIMBABWE UPHOLDS THE FUNDAMENTAL RIGHT TO CONTRACT BY OUSTING CRIMINAL PROSECUTION THAT ARISES FROM CONTRACTUAL OBLIGATION. DISCUSS.
    THE CONSTITUTION OF ZIMBABWE UPHOLDS THE FUNDAMENTAL RIGHT TO CONTRACT BY OUSTING CRIMINAL PROSECUTION THAT ARISES FROM CONTRACTUAL OBLIGATION. DISCUSS. A contract can be defined as an agreement with specific terms between two or more persons or entities in which there is a promise to do something...
    Premium 965 Words 3 Pages
  • Discharge of Contract
    DISCHARGE OF A CONTRACT Normally the completion of a contract is straightforward as parties carry out their tasks as required. There are four main different ways of ending a contract: a) Discharge by performance b) Discharge by agreement c) Discharge by breach d) Discharge by frustration DISCHARGE...
    Premium 1262 Words 5 Pages
  • Termination of Contract Law
    A contract is an agreement between two or more people that is legally binding. It can be verbal or written. The essential ingredients of a contract are: * Offer: there must be an offer made, that is a proposal to enter into a contract, * Acceptance: the offer must be accepted and must always...
    Premium 2065 Words 7 Pages
  • Business Law Exam
    the promisee If a contract require that the mechanically or impersonal performance be done to the satisfaction of the other party or third party and the performance can be objectively evaluated, then most courts will hold that the performance was adequate and discharge the contract if reasonable people...
    Premium 1013 Words 4 Pages
  • Part C the Issue in This Question Is to Determine Whether J Cons Sdn Bhd Has Any Methods Provided Under the Contracts Act 1950 to Discharge Itself from Its Obligations Under the Contract with Datuk Kaya.
    Based on the Contracts Act 1950, there are four ways to discharge a contract. The methods are performance, agreement, breach and frustration. Performance The general rule of performance defines that the performance must be strictly in accordance with the terms of the contract unless the parties...
    Premium 1141 Words 4 Pages
  • Business Law
    The discharge of a contract means in general that the parties are freed from their mutual obligations. Consider the different methods by which a contract can be discharged or terminated. Be sure to use relevant cases as references. Law is a set of rules and regulations that are enforced through a...
    Premium 2042 Words 6 Pages
  • Business Law Notes
    Terminating, transferring, and breaching a contract . Terminating a Contract 2. Discharge by Performance i. Complete- all terms of the contract can be carried out completely and properly ii. Substantial- the contact was completed but slightly less than a full performance a. Has to be completed in good faith ...
    Premium 610 Words 3 Pages
  • Termination of a Contract - Law
    Part A A contract may be discharged or brought to an end at any time after formation and there are several ways in which this can happen. One party may avoid a contract – for example, for unconscionable conduct by the other; one party may terminate the contract before performance is complete – for...
    Premium 942 Words 4 Pages
  • Kinds of Contarct
    Kinds of contract Contract can be divided into three types 1) Acoording to enforceability 1) Valid contract : A valid contract is an aagreement which is inforceable by law. An agreement becomes inforceable when all the essential’s of a valid contract is are present. In a valid contract all the...
    Premium 3264 Words 10 Pages
  • Contract Law
    DISCHARGEMENT OF CONTRACT The law of contracts forms a substantial part of our various relationships that can have some sort of influence over us on an almost daily basis – even when there is no physical contract in front of us we may still be privy to some...
    Premium 2112 Words 8 Pages
  • B.Law
    L 08 Discharge of ContractPerformance, Breach, Frustration Introduction Discharge of a valid contract involves the process under which the primary (performance) obligations come to an end. Discharge by breach will generally give rise to secondary obligations to pay damages. Discharge by performance...
    Premium 2108 Words 6 Pages
  • Business Law
    notes-Performance, Breach, and Discharge Four kinds of discharge: -performance by the parties -material breach by one of both parties -agreement of the paries -operation by law In text: A breach of contract subjects the promisor to liability? Condition-An event that affects the contract. The...
    Premium 278 Words 1 Pages
  • BIz law - Discharge Notes
    CONTRACTDISCHARGE (Pg 161) Discharge refers to a termination of a contract. After a contract is discharged, the parties are relieved of their obligations under the contract. There are four ways  Performance, Breach, Agreement and Frustration. Performance Performance – discharging a contract...
    Premium 2108 Words 8 Pages
  • Legal Aspects of Business
    LEGAL ASPECTS OF BUSINESS Assignment No. 01 MCQS: 1. An agreement enforceable at law is a (d) Contract 2. Every promise and every set of promises, forming the consideration for each other, is an (a) Agreement 3. Promises which form the consideration or part of the consideration for each...
    Premium 1632 Words 6 Pages
  • Contract Law
    GENERAL PRINCIPLES OF THE LAW OF CONTRACT INTRODUCTION Definition  S.2(h) Contract Act 1950 : An agreement enforceable by law. Legally binding between parties.  2 INTRODUCTION (continue..)  (a) (b) Legislation governing contracts: Contracts Act 1950 English Law - By virtue of...
    Premium 4963 Words 28 Pages
  • Business law
    Introduction The law of contract is about the enforcement of promises where the basic law, governs and relates to most aspects of human life. Contracts provide the means for individuals and businesses to sell or transfer property, services and other rights. Although the law of contract is about the enforcement...
    Premium 6021 Words 19 Pages
  • Customer Satisfaction & Loyality
    GENERAL PRINCIPLES OF THE LAW OF CONTRACT INTRODUCTION Definition  S.2(h) Contract Act 1950 : An agreement enforceable by law.  Legally binding between parties. 2 INTRODUCTION (continue..)  Legislation governing contracts: (a) Contracts Act 1950 English Law - By virtue...
    Premium 4550 Words 43 Pages
  • Contract Law
    1.0 Introduction 2 2.0 Main Body 3 2.1 Offer & Acceptance 3 2.2 Consideration 4 2.3 Discharge of contract 5 2.3.1 Discharge by Breach 5 2.3.2 Discharge by Performance 5 2.4 Remedies 6 2.4.1 Unliquidated Remedies 6 2.4.2 Injunction Remedies 6 2.5 Intention...
    Premium 2311 Words 8 Pages