Question: When parties contract expressly for, or with reference to, a particular subject matter and said subject matter is destroyed through no fault of either party,

When parties contract expressly for, or with reference to, a particular subject matter and said subject matter is destroyed through no fault of either party, can the parties be discharged from their obligations under the contract?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Iris Kronemen approaches you with the following information a) She resides in a province with a 3% personal tax rate where she owns and operates an incorporated business which generates income in the...

31. Discharge by performance of a contract occurs when each party to a contract have fully fulfils or performs their respective contractual obligations under the contract. As a general rule,...

I want to know someone 's opinion about this discussion is there any one can share it with me please? Seller and Buyer enter into a real estate contract for the purchase and sale of a residence for...

CAN YOU PLEASE PARAPHRASE THIS!! OWN WORDS. PER BULLET. DON'T USE QUILLBOT. THANKYOUUU. In chapter 4, I have learned that the cause of extinguishment of obligations such as payment or performance,...

CAN YOU PLEASE PARAPHRASE THIS!! OWN WORDS. PER BULLET. DON'T USE QUILLBOT. THANKYOUUU. PLEASE OWN WOOOOORDS. NEW CONSTRUCT In chapter 4, I have learned that the cause of extinguishment of...

Arbitration or litigation Abstract Arbitration is programmed in such a way that from the beginning to the end. The time frame is known and agreed by the parties based on party's agreement which is...

need help on the following QUESTION 1 A contract can be discharged thus bringing the rights and obligations of the parties to an end in which of the following circumstances: () by performance and by...

When parties contract expressly for a particular subject matter, the contract is discharged if the subject matter is destroyed through no fault of either party. Question 9 options: True False

1) In New York Times v. Tasini the Supreme Court held that electronic publication of copyrighted works did not violate the copyright so long as they were not sold for profit. a)True b) False 2) It...

The highway patrol expects at least N = 3000 cars to pass the checkpoint. Determine the sample size required to estimate p to within B = 0.015 units.

If 1 = X/n , 2 = X + 1 / n+ 2 , and 3 = 1/3 are estimators of the parameter of a binomial population and = 1/2 , for what values of n is (a) The mean square error of 2 less than the variance of 1;...

If we see an asset with a higher variance than the market and a lower expected return than the market we would say about the declsion to invest in the asset it has lower return and higher risk so it...

Case Greenbuilders Pte Lid ("GPL") is a local construction company which specialises in providing bespoke Design and Build construction services for private residential homes that are designed to be...