Podcast
Questions and Answers
If both parties fulfill their obligations under a contract, how is the contract discharged?
If both parties fulfill their obligations under a contract, how is the contract discharged?
- Through Performance (correct)
- By Operation of Law
- By Breach
- By Frustration
What term refers to the termination of contractual obligations, releasing parties from their duties under the contract?
What term refers to the termination of contractual obligations, releasing parties from their duties under the contract?
- Inception
- Revocation
- Commencement
- Discharge (correct)
In the scenario where one party fails to fulfill its obligations, what may the innocent party consider regarding the contract?
In the scenario where one party fails to fulfill its obligations, what may the innocent party consider regarding the contract?
- Discharged due to Breach (correct)
- Discharged by Operation of Law
- Discharged by Agreement
- Discharged by Frustration
Which event may discharge a contract due to making performance impossible?
Which event may discharge a contract due to making performance impossible?
Under what circumstances may a contract be discharged by operation of law?
Under what circumstances may a contract be discharged by operation of law?
If A fails to deliver goods as per the contract terms, what may B consider regarding the contract?
If A fails to deliver goods as per the contract terms, what may B consider regarding the contract?
What is the most common remedy for a breach of contract?
What is the most common remedy for a breach of contract?
What type of damages are awarded to punish the breaching party for egregious behavior?
What type of damages are awarded to punish the breaching party for egregious behavior?
What is the court order that requires the breaching party to fulfill its contractual obligations?
What is the court order that requires the breaching party to fulfill its contractual obligations?
Which remedy involves reversing a contract and restoring both parties to their pre-contract positions?
Which remedy involves reversing a contract and restoring both parties to their pre-contract positions?
Under what circumstances might nominal damages be awarded in a breach of contract?
Under what circumstances might nominal damages be awarded in a breach of contract?
Which legal concept may discharge a contract due to unforeseen events making performance impossible?
Which legal concept may discharge a contract due to unforeseen events making performance impossible?
What does 'performance of contract' refer to?
What does 'performance of contract' refer to?
In contract law, complete performance occurs when:
In contract law, complete performance occurs when:
What is the main difference between a void agreement and a voidable agreement?
What is the main difference between a void agreement and a voidable agreement?
When does partial performance of a contract occur?
When does partial performance of a contract occur?
Which concept involves giving one party the option to avoid a contract due to specific factors such as fraud or coercion?
Which concept involves giving one party the option to avoid a contract due to specific factors such as fraud or coercion?
In which situation would a contract be considered discharged by operation of law?
In which situation would a contract be considered discharged by operation of law?
