Agreement + Breach Flashcards
1
Q
What is Discharge by Agreement?
A
Parties agree to end contract
Is binding
2
Q
What is discharge by Breach?
A
One party to contract fails to perform contractual obligations, leading to discharge of contract
3
Q
What is Actual Breach?
A
Failure to perform contract
4
Q
What is Repudiatory Breach?
A
Breach so serious, innocent party entitled to terminate contract
5
Q
What is Anticipatory Breach?
A
One party indicates they wont perform contract
- Hochster v De La Tour
Can be indicated through conduct
- The Bulk Uruguay
