Term
| 7 ways to end a contract. |
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Definition
* Rescission
* Performance
* Agreement
* Repudiation
* Forfeiture
* Frustration
* breach of contract |
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Term
| Termination by performance |
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Definition
| when parties complete ALL their obligations, it end naturally. |
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Term
| how many years of warranty has the CCDC contract? |
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Definition
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Term
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Definition
| Parties can end their contract at any time they agree to it |
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Term
| can Contracts be ended by oral agreements? |
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Definition
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Term
| what is the forfeiture clause |
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Definition
| it is a pre-agreement that gives the right to a party to terminate the contract. |
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Term
| when, under CCDC2 can an owner terminate a contract? |
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Definition
* contractor goes backrupt
* contractor neglects to do the work properly
* contractor fails to promptly correct a defect. |
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Term
| when, under CCDC2 a contractor can terminates a contract? |
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Definition
* owner goes bankrupt
* project delay 2 working days
* owner fails to pay the contractor |
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Term
| what is terminate by frustration? |
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Definition
some unforeseen unpredictable events beyond the control of the parties that make impossible to complete a contract.
example: Earthquake... |
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