Law 206 Ch. 10 - Discharge of Obligations

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  • 1. Chapter 10 DISCHARGE OF OBLIGATIONSIn this chapter you will: List the methods whereby a contractual obligation may be discharged Define voluntary disablement Discuss the concept of anticipatory breach Understand what is meant by tendering performance Differentiate between a material and a minor breach Define mutual rescission Explain the concept of impossibility of performance Exemplify frustration of purpose Understand which contracts are divisible contracts Discuss the effect of discharge on the parties to the agreement
  • 2. Methods of Discharge Excuse of conditions  Impossibility of Performance performance  Supervening illegality Breach of contract  Death or destruction Agreement of the parties of the subject matter or parties  Frustration of purpose