MCS 3040 Chapter 9: Law Chapter 9

• School: University of Guelph
• Department: Marketing and Consumer Studies
• Course: MCS 3040
• Professor: Joseph Radocchia

Document Summary

Less signi cant breaches generally just give innocent party damages. Termination through performance: contract performed when all its implied and express promises have been ful lled, then it ends. Performance by others: law easily distinguishes between those who have the contractural obligation to perform and those who actually do the work, you can contract another party to do your work. Vicarious performance: performance of contractural obligations through others. Transfer of contractural rights: party who wants to end involvement in contract can transfer it to someone else assignment: the transfer of a right by an assignor to an assignee. Step 2: a noti es b they want to transfer contract, a assigns contract to c. Examples: death of employee, enactment of new legislation. Privity of contract: privity means that those who are parties to a contract can enforce the rights and obligations that it contains.