Professional Documents
Culture Documents
Termination
Termination
Termination
Acknowledgement
The images/ video clips in the presentation are
drawn from different internet sites for the purposes
of classroom instruction.
A sequence of duties.
Illustration
Core
Subsidiary
Breach of core,
the contract is lost.
On election to terminate
Breach of subsidiary,
the contract survives.
On every breach,
right to claim damages.
Summary
Subsidiary
Election to termination
only on breach of the core.
Warranty
Condition
warranty
Clause 28: All terms of the contract are a condition
to the contract.
It is used to make
performance on time
a core or condition.
Example
Contract: Hotel Guest
Page 73
1. Buyer did not pay. The seller terminated. Is the
termination valid?
Answer: No
Accepted
Offers to modify
Contract
Contract is modified
A B
Accepted
Offers to terminate
Contract
Contract terminated
A B
Accepted
Contract
Contract terminated
with damages
A contract can be terminated
by mutual consent
with or without damages.
Exercise:
Question 10 and 11
Page 75
10. The buyer offered to terminate but the seller
rejected. The contract subsists.
Page 77
1. Seller failed to deliver on September 1. Can the
buyer terminate?
No.
No
No
No.
No
Yes
It is reasonable.
Termination Clause
Clause 29