Breach of contract Flashcards
mora debitoris
A debtor commits breach of contract in the form of default of the debtor
Repudiation
This is the refusal by one party, either in words, or by conduct expressly, or by implication, to carry out his or her obligations
mora ex persona
In the absence of a specified performance deadline in a contract, the debtor must complete their obligations within a reasonable timeframe, considering the circumstances known or anticipated at the contract’s creation. If the debtor fails to do so, the creditor can request performance within a designated period.
mora ex re
Where a time period for performance is specified in the contract and the debtor fails to perform within that time, the debtor is automatically in default.
Creditor
Person who is entitled to receive the money
Debitor
A person who receives something
Positive malperformance
Positive malperformance is that form of breach of contract that occurs when the debtor commits an act that is contrary to the terms of the contract.
Prevention of Performance
This type of breach occurs when one party’s actions prevent either themselves or the other party from fulfilling their obligations.