MGMT-2007EL Chapter Notes - Chapter 9: Banknotes Of The Canadian Dollar, Specific Performance, Clean Hands
14 Oct 2018
School
Department
Course
Professor
Document Summary
Chapter 9 end of the contractual relationship. Discharge by performance contractual obligations are discharged, and a contract is ended, when both parties have satisfactorily completed their obligations under the contract. Discharge by performance: often parties perform their obligations simultaneously, with most bilateral contracts, one party must complete its side before the other is required to perform. Therefore, it becomes vitally important to determine whether one party has properly performed its side. There are situations where something short of exact performance will be considered proper performance. However, exact performance will be required where only exact performance will do! Substantial performance performance of a contract in all but minor aspects of it. If it fails to do so then it is in breach, not the party who has tendered performance. Where goods and services are involved, and the tender of performance is refused, the tendering party has no further obligation and can sue immediately.
