Chapter 13 – Performance and Discharge

Learning Objectives

After studying this chapter, you should be able to:

  1. Explain when performance, partial performance or no performance may discharge contractual obligations.
  2. Compare and contrast complete performance, substantial performance, satisfactory performance and material breach.
  3. Describe the various ways the parties to a contract may agree to terminate mutual obligations under the contract.
  4. Identify when performance of the contract becomes variously impossible, very difficult, or useless, and that these circumstances may give rise to discharge.

This chapter covers:

13.1 Discharge of Contract Duties by Performance or Breach

13.2 Discharge by Conditions

13.3 Discharge by Agreement

13.4 Discharge by Operation of Law when Performance Becomes Very Difficult

Chapter 13 Exercises and References

License

Icon for the Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License

Business Law I - Interactive Copyright © 2024 by Melanie Morris is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.