Management and Organizational Studies 2275A/B Chapter Notes - Chapter 9: Fundamental Breach, Force Majeure, Syllogism

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2275A/B
• Professor: Desmond Mc Keon

Document Summary

Through performance: when both parties fulfill their contractual obligations to each other, they have performed the contract. This is generally the ideal conclusion to a contract. Through agreement: parties are always free to voluntarily bring their contract to an end. Both parties could agree to walk away from the agreement, or one party could pay a sum to the other side. Through frustration: when an unforeseeable event occurs and the performance functionally impossible or illegal, it is brought to an end. Through breach: a breach of contract, especially if serious, can release the innocent party from having to continue with the contract if that is his wish. A contract is performed when all of its implied and express promises have been fulfilled. There is a legal difference between those who do the work, and those who are contracted. It is permissible to use employees to vicariously perform: however, this is not permitted if the expressed or implied terms state otherwise.