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Business Regulatory Framework by Purnakam Dash

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11

Termination or Discharge of Contracts

CHAPTER OBJECTIVES

After carefully reading this chapter, you will be able :

  • To understand the meaning of termination of contracts and the ways in which a contract may be terminated or discharged.
  • To get a clear idea of Supervening impossibility and it's consequences.
  • To identify cases which do not come under the doctrine of Supervening impossibility.
  • To understand the meaning of breach of contract, the various types of breach of contract and the remedies available to the aggrieved party under breach of contract.
  • To explain the various types of damages and the principle determining amount of damage.
  • To understand the meaning of quantum-meruit and the cases on which a claim for quantum-meruit may arise. ...

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