non performance Flashcards

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1
Q

breach of contract

A

what a party fails to fulfill its obligation under a contract

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2
Q

law in austria

A

different consequences on whether performance is impossible, delayed of goods delivered are defective

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3
Q

perfomance is impossible before conclusion

A

contract then falls apart and the parties must return any benefits already recieved

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4
Q

performance is impossible after the conclusion

A

contract remains in effect and the injured party has a claim for delay in performance or warranty

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5
Q

delay in performance

A

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

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6
Q

delay in performance entitles the other party to

A

insist on performance of the contract pr
to set a grace period
or to rescind the contract

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7
Q

warranty

A

primadry a claim for repair or replacement

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8
Q

the party selling goods is liable for

A

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

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9
Q

any deviation

A

may be a defect

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10
Q

primary remedies

A

in case of breach of warranty, the buyer can request the seller to repair or replace the defective good

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11
Q

secondary remedies

A

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

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12
Q

a warranty claim must be raised within the followingg limited periods

A

2 years for movable property
3 years for immovables
starts to run from delivery

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13
Q

guarantees

A

is voluntary and warranty is a right afforded by the law

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