Discharge of Contracts, Breach of Contracts, and Remedies
In This Chapter
• How to terminate contracts
• Evaluating breach of contract
• Resolving breach of contract problems
• Contract provisions affecting remedies and damages
In a perfect world once a contract is signed, all dealings between the parties would proceed smoothly. There would be no problems with compliance. No contracts would go unfulfilled. The contract would be perfectly discharged. Instead, things go wrong. This chapter will examine how a contract is discharged as well as the rights of the party when a contract is broken or—to use the legal term—breached.
Discharging a Contract
Discharging a contract occurs when a party satisfies an obligation it has under the contract. ...