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ADMS2610
Chapter 13
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Malak Al-Qas Mati
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Cards (13)
All term of a
contract
has to be followed by the parties, anything less is a
breach
of
contract.
What is an act of performing a contract or the offer of payment of money that is due under a contract.
Tender
Failure to perform the terms of a contract.
Beach of contract
Terms that the parties agreed upon and term that are stated in the contractual document.
Express terms
Conditions that alters the rights and duties of the parties to a contract, or that may have terminate the contract if it occurs.
Condition
subsequent
Major, unforeseen events outside the control of the parties that occurs that prevents performance of a contract.
Force majeure
Natural disasters that is beyond human control that prevents performance.
Act
of
God
Words or provisions that a court assumes were intended to be included in a contract.
Implied terms
When a contract becomes impossible to perform due to an event that is not the fault of any of the parties , and that they could not have predicted.
Frustrated
contract
Condition that must be satesfied before a contract may come into effect.
Condition
precedent
Express or implied to give up a right or claim
Waiver
Mutual agreement to change the terms or parties to an existing agreement
Novation
Major alteration of an agreement that has the effect of discharging the contract and replacing it with agreement.
Material alteration