Date post: | 29-Dec-2015 |
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Learning Objectives Understand the performance of contracts
as related to time limits. Know about assignment of a contract. Understand novation and the liability. Explain breach of contract and options. Review how contracts may be terminated. Understand the contractual process of
Executory and Executed.
Breach of ContractAccept Partial PerformanceMutually Rescind the ContractFile Suit for Monetary LossAccept Liquidated DamagesFile Suit for Specific Performance
Termination of ContractsDeath of the PartyDestruction of the PropertyJudged IncompetentBankruptcyMutual Agreement