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Saturday 22 June 2013

Discharge by Operation of Law

Discharge by Operation of Law
ü Alteration of The Contract.
ü Statutes of Limitations.
ü Bankruptcy.
ü  Impossibility or Impracticability. à
Impossibility or Impracticability of Performance
Objective Impossibility of Performance.
§ Death or incapacitation prior to performance;
§ Destruction of the Subject Matter; or
§ Illegality in performance.
Commercial Impracticability.
§  Key: Circumstances not foreseeable.
Case 16.4: Cape-France v. Estate of Peed (2001).
ü Frustration of Purpose.

ü Temporary Impossibility.

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