AFM231 Chapter Notes - Chapter 9: X Force, London Drugs, Life Insurance
19 Jun 2017
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Termination through performance: when all obligations are fulfilled and both parties are satisfied. Performance by others: vicarious performance: performance of contractual obligations through others. Corporations are the ones with the contractual obligation, they work through their employees. Employees can"t be sued, it is the company that is in the contract. Unless specified in terms the company can work through any of their employees. Privity of contract: only parties on the contract can sue each other: x and y alone enter into a contract: x will give y her car and in return z will pay. If x owes y the money, then they enter in this contract. X can only sue y but not z: x and y alone enter a contract: x pays y and z will give x a car. No: x is not a party to the contract. Problems with privity: your parents buy you a holiday and there are serious issues /breaches of contract.
