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termination of a contract - law
Essay specific features
Written by:
Shawn P
Date added:
October 25, 2015
Level:
University
Grade:
A
No of pages / words:
4 / 947
Was viewed:
7866 times
Rating of current essay:
Essay content:
The rights attached to the contract persist for longer; for example, it is an implied term of the contract that the goods are of merchantable quality and whether this is satisfied might not become known for some time after the check out transaction.
When a contract is terminated, the future rights and obligations of all parties cease, but the contract itself remains in existence in the sense that the rights and liabilities arising prior to termination may still be pursued...
displayed 300 characters
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Where appropriate, damages are assessed on the basis of the contract and some terms may still be enforced (Pentony, Graw, Lennard & Parker, 1999).
Termination by performance
This is when contractual obligations are fulfilled exactly as stated. Exceptions to the rule are partial and dividable performance, which must be accepted by the parties concerned...
displayed 300 characters
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