Performance of Contract 2 Flashcards

1
Q

Who can perform contract

A

1- Case of single promisor
- Promisor
- Agent or legal representative
Exceptions:
- Contract of personal nature
- Promisor himself perform

2- By third party (with consent of promisee)

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2
Q

Rules of joint promise

A

1- Liability to perform joint promise (Jointly and severally)
2- Liability in case of default (other promisor will bear loss)
3- Liability in case of death (devolution) (legal representative are liable)
4- Release of joint - promisor
- joint promisor not discharge
- liable to other promisor

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3
Q

Right to demand performance

A

1- joint promisees can claim together
2- One promisee cannot demand performance

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4
Q

If time and place is specified

A

Contract performed at specified time and place

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5
Q

If time is not specified

A
  • On working day, within usual business hours
  • At reasonable time (Question of fact)
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6
Q

If place is not specified

A
  • Promisor asks
  • Promisee specify reasonable place ( Question of fact )
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7
Q

Order of performance of reciprocal promises
(Rules regarding performance of reciprocal promises)

A

1- Promises performed simultaneously (Mutual and Concurrent)
- Performed simultaneously
- Not by one-Not by other

2- Order of performance is fixed (Mutual and dependant)
- Perform in specified order
- Not by one-not by other

3- Order of performance is not fixed (Mutual and independent)
- Perform in order which nature of transaction requires

4- Legal and illegal
- Alternative promises (legal and illegal) , only legal part can be enforced
- Different agreement (first legal and then illegal) , legal set can be enforced

5- Refusing party to perform promise
- One party prevent other to perform

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8
Q

Remedies for non - performance

A
  • Contract becomes voidable
  • Damages for breach
  • Compensation (for part already performed)
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9
Q

Consequences of non - performance
(Time is Essence)
(Agreed , Injury , Nature)

A
  • Voidable
  • If party rescinds , it can sue for breach of contract
  • party can claim compensation (Provided , Notice is given at time of acceptance)
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10
Q

Consequences of non - performance
(Time is not essence)

A
  • Not voidable
  • party can claim compensation
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