Termination of contract

Question 1

Termination of contract

Answer 1

Performance
Agreement
Frustration
Breach of contract

Question 2

Performance

Answer 2

This is when both parties carry out their shade of the contract

Question 3

Agreement

Answer 3

This is when both parties agree to terminate the contract even when contract has not been completed

Question 4

Frustration

Answer 4

When an unforeseen event prevents the contract from being completed.

Question 5

Breach of Contract

Answer 5

When one side breaks the contract. The contracts need straight away , if warranty is breached then compensation has to be paid towards innocent party

Question 6

Remedies for breach of contract

Answer 6

Damages
Specific performance
Resind

Question 7

Damages

Answer 7

When one party breaks the contract the judge orders the party to pay compensation to the innocent party for the loss they suffered.

Question 8

Specific performance

Answer 8

Judge orders the party that broke the contact to carry out their said in the contract

Question 9

Rescind the contract

Answer 9

The contract never happened. Judge attempts to put both parties in the same situation they were in before the contract.