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Welcome to our Presentation on Performance of the Contract

Welcome to our Presentation on Performance of the Contract. Performance of Contract. Actual Performance of contract Attempted performance of contract. Essential Elements of Valid Contract. 1. Performance of contract should be unconditional

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Welcome to our Presentation on Performance of the Contract

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  1. Welcome to our PresentationonPerformance of the Contract www.AssignmentPoint.com

  2. Performance of Contract • Actual Performance of contract • Attempted performance of contract www.AssignmentPoint.com

  3. Essential Elements of Valid Contract 1. Performance of contract should be unconditional 2.It should be performed by the promisor or by his/her representative www.AssignmentPoint.com

  4. Essential Elements of Valid Contract contd… 3.It should be performed at a proper time specific in the agreement or within reasonable time 4.It should be performed at a place specified in the agreement 5.The promisor must have reasonable opportunity to ascertain (a) the thing offered (b)whether the performance of the whole or of a part www.AssignmentPoint.com

  5. Discharge from liabilities A) By Proper performance B) When performance becomes impossible C) By the death of the contracting party-if the contract is personal in its character www.AssignmentPoint.com

  6. Discharge from liabilities continued… D) By rescission E) By novation F) By remission G) By accord and satisfaction H) By the operation of other law I) Waiver J) Mergers www.AssignmentPoint.com

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