Excuses Flashcards
other party’s breach
can back out
Art 2
perfect tender rule - can back out unless perfect in every respect so can reject all, accept all or reject some and accept the rest\
CLAW
damages - can recover for any breach (no materiality)
excuse - only if ther ei a material breach
anticipatory repudiation
provides an excsuse unless repudiation is retracted
can stop performing now and let other party sue of breach
failure to give dequate assurances
party with reaosnbale grounds for bein insuecre about others’ performance may, in writing, request adqaure assurance that the other part will perform
failure to give adequate assurances is anticipatory repudiation
recission
mutual agreement to cancel K
modification
oan agreement to replace the existing K with a new K
accord/satisfaciton
accord - agreemetn to accept differne performacne in future satisfiaction of an existing duty
duty is suspended by accord but is not excused until accord is satisfied (performed)
modification vs. accord - modificaiton - if the unlerying obligation iss excused now (modification) if later 0 accord
novation
agremeent to substitute a new party for an exsting one
if you have a novation, then the original party is excused. If the counter party doesn’t consent to a novation, then you havea delegation and the original party is on hook
impossibility
later unforeseen even makes performance impossible
Art 2 - impractical
CLAW - desctrioin of subject matter of K provides excuse (e.g. music hall burns down)
Art 2
1. a seller who bore risk of loss hwen goods were damaged or destroyed is excused by impracticability. If the risk of loss already passed to the buyer, then no excuse needed.
- unID’ed goods - seller is excused only if hte goods that were destroyed or damaged had been “idenitfieid to the contract”. If not then no excuse
increses in costs si not an excuse
death / incapacity of essential person
must be essential, not any person
frustration of buyer’s primary purpose
must be central purpose and both parties must be aware
failure of express conditions
jsut think of law firm life
satisfaction
reasonable person standard unless art or matters of personal taste
condition subsequent - cuts off an existing duty - will elase ofr $1,000 until zoning changes
failure to cooperate / put in effort bars this claim