Untitled Quiz

Discharge can occur from...

• Frustration

• Termination

• Performance

• Agreement

Performance obligations can be either

• Automatic

• Independent

• Dependent

• Nominal

Terms can be either

• Essential

• Intermediate

• Non-Essential

• Foundation

Performance of EXACT PERFORMANCE in a contract obligations entitles the party to:

What legislation allows for a party to terminate contract?

• ACL

• Sale of Goods Legislation

• Contracts and Wills Act

• Natural Justice Law

There is a common law right to terminate if:

• Breach of an essential term

• Serious breach of an intermediate term

• Repudiation or renunciation

• Frustration

What is the authority which says that a breach of a condition no matter how severe will allow termination

• Baltic

• Associated Newspapers

• Tramways

• Arcos

What are other factors relevant to determine breach of an essential term?

• Precedent

• Language used

• Adequacy of damages

• Specific term failure