国外商学院课程lecture_9

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1、Business(Management)AffairsLecture9DISCHARGEOFCONTRACT1TypesofDischargeDISCHARGEItisimportanttoknowwhenacontractisatanend(discharged)sothatbothpartiescan“moveon”tonewnegotiationsandagreementswithoutfearthatpreviousresponsibilitieswillresurface.Acontracti

2、sdischargedby:-PerformanceAgreementFrustrationBreachPerformanceAcontractisdischargedbyCOMPLETEperformanceonlywhichcanproduceunfairresultsifpartsofanobligationhavebeenfulfilled:-CUTTERVPOWELL(1795)6TermRep320PowellemployedCutteraspartofhisshipscrewforalon

3、gvoyage.ThecontractprovidedthatpaymentwasdueoncompletionofthejourneybutCutterdied19daysbeforearrivalHELDCutterswidowcouldnotclaimhissalaryforthedayscompletedpriortohisdeathExceptionshavebeendevelopedtopreventinjusticeExceptions:-1)divisiblecontractspaym

4、entcanbemadeforobligationscompletediftheycanbedividedintoaccountableportionse.g.acontractofemploymentcanbedividedintodaily/weekly/monthlypayments2)whereonepartypreventstheotherfromcompletingperformancePLANCHEVCOLBURN(1831)8bing14Plancheagreedtowriteabook

5、forColburnandwastobepaidoncompletion.Heresearchedandwrotepartofthebookandwasthentolditwasnotrequired.HELDPlanchewasentitledtopaymentfortheworkcompleted.3)partperformancevoluntaryacceptanceofpartialperformanceandthepaymentofanappropriatepriceisacceptablep

6、rovidedthereisagenuinechoiceastowhethertoacceptorrejecttheobligationscompleted.SUMPTERVHEDGES[1898]11ChD852:-SumptercontractedtobuildabarnforHedgesbutabandoneditwhenitwasonlyhalfcompletedHELDnopaymentwasdueasHedgeshadnochoicebuttoacceptpartperformance4)s

7、ubstantialperformanceIfapartyhasreceivedthebulkofwhatwasagreedthenpaymentisduebutwillbediscountedtocoverthe(minor)failuretoperform.HOENIGVISAACS[1952]2AllER176heldthatacontracttofurnishanddecorateaflathadbeensubstantiallyperformedsincethedefectsofrepairs

8、toabookcaseandreplacementofawardrobedoorweresuperficialAgreementHavingformedacontract,thepartiestoitmayagreenottocompleteitTheagreementisasecondcontractwhichwillbebindingprovidedthenecessaryrequirementsof:-offeracceptancec