BUS1 414 Lecture Notes - Lecture 7: Force Majeure, Specific Performance
Document Summary
Act in good faith in a reasonable way. Impossibility (force majeure)- act of g", natural disasters = these are the only things that could get you out of contracts. Ccq 1594- (being late) (it"s a breach) a debtor may be in default by the terms of the contract itself, when it contains a stipulation that the mere lapse of time for performing it will have that effect. You"ve been served- ccq 1594- a debtor may also be put in default by an extrajudicial demand addressed to him by his creditor to perform the obligation, a judicial demand filed against him or the sole operation of law. Ccq 1597- a debtor is also in default by operation of law where he has violated an obligation not to do. If someone doesn"t respect an obligation, you file for an injunction. It is an order from the court telling you not do something.