Question: Why the creditor should be able to terminate the contract only in the event of a serious breach of one of its core obligations by

Why the creditor should be able to terminate the contract only in the event of a serious breach of one of its core obligations by the debtor?

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 Law Questions!

Q:

Vendor and Purchaser 2 Tutorial Questions Tutorial 2 Modules 2 Module 2: Inquiries and Affectations Question 1 At what stage must a proposal reach before it can be said to have come into existence?...

Q:

Business Law 1.2 Briefly differentiate between authoritative (primary) and persuasive (secondary) sources of law and provide an example of each. The following might help with Q1.2- AUTHORITATIVE...

Q:

Multiple questions: Please circle or highlight the correct answer. Thanks!! Q1. Which of the following statements about separation of powers in Australia is incorrect? a.There is an overlap between...

Q:

You are a second year student of a University and your family owns a corporation named SERENDRA DEVELOPMENTCorporation ("SDC") is engaged in the sale and lease of commercial and residential lands and...

Q:

You are a second year student of a University and your family owns a corporation named SERENDRA DEVELOPMENTCorporation ("SDC") is engaged in the sale and lease of commercial and residential lands and...

Q:

8 cepler BIRMINGHAM LAW SCHOOL Employment Law: Seminar 2 This seminar will cover the following areas: - Legal practice skills: Drafting - Legal knowledge: Terms of contracts of employment Preparing...

Q:

Help me please, Kindly answer this with detailed and clear explanation. Thank you. Chapter 2 - Nature and Effect of Obligations a. Real fruits c. Industrial fruits b. Natural fruits d. Civil fruits...

Q:

kindly answer it as soon as posible. thanks 2. In the following instamesion. a. In unilateral obligation or the law expressly so declares. c. When from the nature and the circumstances of the obliged...

Q:

OBLIGATIONS AND CONTRACTS (Arts. 1169-1178, Civil Code of the Philippines) Questions: 1. B and C entered into a contract wherein B would deliver to C 10 cases of softdrinks on March 30, 2022. B...

Q:

In most bilateral contracts, exact performance is required to avoid any liability for breach. one party must complete its obligations prior to the other side performing its obligations. substantial...

Q:

Llewelyn Company paid the amount due on a purchase of merchandise on account. Llewelyn uses the perpetual inventory system. Which of the following reflects the effect of the payment on the financial...

Q:

The following is a decomposition of the Return on Equity (ROE) for Company A and Company B: Company A Company B 2020 2019 2020 2019 ROE 26.46% 18.90% 26.33% 18.90% Tax burden 0.70 0.75 0.75 0.75...

Q:

Focuses on the management of money for ( or by ) firms and individuals

Q:

a. Based on the data in Exercise 18-11 determine the following: 1. Cost of beginning work in process inventory completed this period 2. Cost of units transferred to finished goods during the period...

Q:

a. Based on the data in Exercise 20-11, determine the following: 1. Cost of beginning work in process inventory completed this period. 2. Cost of units transferred to finished goods during the...

Q:

Indicate (by letter) the way each of the items listed below should be reported in a balance sheet at December 31, 2016. Reporting Method N. Not r C. Current liability L. Long-term liability D....

Q:

Market Specialists plc leases a motor vehicle for its managing director from K G Financiers plc for a five-year period at 27,618 per annum payable in advance. The expected life of the vehicle is...

Q:

Magnificant Retailor enters into a five-year lease agreement with Mega Shopping Centres plc to lease a small shop at 50,000 per annum payable at the start of each year. Assume the relevant interest...

Q:

Among a group of 5 8 programmers, who know either Java or Python or both, 1 5 only know Java and 1 3 only know Python. What is the probability of randomly choosing a programmer who knows both...

Q:

What comments do you get from the outside world in the imagined future when you have achieved what you wanted?

Q:

14. Think of a positive experience in your life, once you experienced that you had great creativity, great insight or a very strong concentration around some-thing you focused strongly on achieving....

Q:

How will it feel to have achieved this? Describe this briefly to yourself.