non performance Flashcards
breach of contract
what a party fails to fulfill its obligation under a contract
law in austria
different consequences on whether performance is impossible, delayed of goods delivered are defective
perfomance is impossible before conclusion
contract then falls apart and the parties must return any benefits already recieved
performance is impossible after the conclusion
contract remains in effect and the injured party has a claim for delay in performance or warranty
delay in performance
one party’s failure to perform within the agreed time frame, to deliver the agreed place or to fulfill the contract in the determined manner
delay in performance entitles the other party to
insist on performance of the contract pr
to set a grace period
or to rescind the contract
warranty
primadry a claim for repair or replacement
the party selling goods is liable for
the assets having the agreed assumed wualities
conform with is decrpitoin, sample or model
used inline with the nature of the transaction or the concluded agreement
any deviation
may be a defect
primary remedies
in case of breach of warranty, the buyer can request the seller to repair or replace the defective good
secondary remedies
only if department or replacement is impossible for seller, the buyer is entitled to an appropriate reduction of the price or to rescind the contract
a warranty claim must be raised within the followingg limited periods
2 years for movable property
3 years for immovables
starts to run from delivery
guarantees
is voluntary and warranty is a right afforded by the law