PHYSICS 280 Lecture Notes - London Drugs, Fundamental Breach, Force Majeure
Document Summary
Chapter 9 termination and enforcement of contracts. Several ways in which it can be brought to an end termination . A contract is performed when all of its implied and express promises have been fulfilled. If the employee/agent is not a party to the contract, they lacks privity of contract and therefore cannot sue or be sued on the contract. It is permissible to use employees to vicariously perform a contract unless there is a specific clause about that. The law holds the employer responsible for his employees" incompetence. Enter into an agreement that becomes unfavorable. Enter into a whole new contract novation. The party benefiting from the variation must provide consideration to the other side. Contractual duties or obligations cannot be transferred without agreement. Contractual rights can be transferred without any permission. Creditor the person is entitled to be paid & debtor who makes the payment. Assignment: the transfer of a right by an assignor(creditor) to assignee.
