C3) Termination of Contract

Question 1

Which term best describes a contract, such as a building contract, that provides for payment at various stages of the contractor’s progress?

Answer 1

A severable contract or divisible contract

Question 2

What is anticipatory breach?

Answer 2

Is when one party to a contract indicates, before the performance is due, that they will not fulfill their obligations under the contract.

Question 3

What does explicit mean in termination of contracts?

Answer 3

It is when one party clearly communicates that they are ending the contract

Question 4

What is implied termination?

Answer 4

When both parties act in a way that shows they no longer intend to be bound

Question 5

What is a contractual provision ?

Answer 5

A contractual provision is a specific clause or term in a contract that outlines a particular right, obligation, condition, or rule that both parties have agreed to.

Question 6

What is a Contractual Remedy?

Answer 6

A Contractual remidy is the legal solution or compensation available to a party when the other party breaches a contract.

Question 7

What is a prohibitory injunction?

Answer 7

it is a court order that restrains a person or party from doing something.

Question 8

What is the remedy of specific performance?

Answer 8

The remedy of specific performance is a court order requiring a party to perform their exact obligations under a contract

Question 9

What does discharging a contract mean?

Answer 9

Ending the legal obligations of the parties involved

Question 10

What is a feature of the Unfair Contract Terms Act 1977?

Answer 10

It only applies to commercial contracts between businesses