BU231 Chapter 12: Chapter 12
Document Summary
Discharge contract: cancel or end obligations of contract becomes inoperative. The ways in which a contract may be discharged: discharge contract by: Contract ends when both performed respective obligations. Performance several forms payment/offering service/giving goods. One party may perform other party doesn"t accept performance. If party performs and other party rejects no obligation to attempt to redo performance: can sue for breach of contract. Waiver: agreement not to proceed with performance of existing contract. If neither party has performed consideration for a waiver. If one party has performed then no consideration for a waiver. I can"t do the old one so fuck it lets make a new one. Condition subsequent: event that must occur before contract signed, something that must occur for contract to exist event or. Chapter 12: burden of proof showing the intention. Before agreeing people scared of future events that affect willingness to perform actions.
