TERMINATION OF CONTRACT; FOR BREACH

Question 1

how can a contract be terminated? (1)

Answer 1

at common law (not including statutory rights) breach can result in the terminating of the contract if the affected party so chooses.

Question 2

when caan a party choose to terminate a contract? (3)

Answer 2

-there is a breach of a condition or breach of an innominate term construed as a condition
-one party refuses to perform his or her obligations under a contract at all or the substantial part of its obligations including anticipatory breach
-one party makies it impossible to perform the contract

Question 3

what is meant by lien? (1)

Answer 3

the right to retain possession of the goods of the debtor until paid

Question 4

what is meant by rights against goods? (1)

Answer 4

rights against goods include thr ight to reject the goods for breach of contract.

Question 5

what does the sale of goods act 1979 provide? (1)
ONE

Answer 5

a lien this is an unpaid seller lien

Question 6

what does the sale of goods act 1979 provide? (1)
TWO

Answer 6

in case of the insolvency of the buyer, a right of stopping the goods in transit and regaining possession of the goods from a carrier

Question 7

what does the sale of goods act 1979 provide? (1)
THREE

Answer 7

a right of resale as limited by the act