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[arve url=”https://youtu.be/VgOs3P5USbM” title=”Discharge of Contract Duties” description=”This video explains what is required for a party’s contract duties to be discharged or relieved. ” /]
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What situations relieve individuals from performing her duties under a contract?
An individual is relieved from her duty to perform a contract in the following scenarios:
Void Contract – If a contract becomes void, both parties are relieved from their duty of performance.
Breach by Other Party – If the other party materially breaches the contract, the non-breaching party is relieved from the obligation to further perform the agreement.
Failure of a Condition – A contract may contain any number of conditions that may materialize (or fail to materialize), which relieve the parties obligation to perform under the contract.
Impossibility, Impracticability, of Frustration of Purpose – Parties to a contract may be relieved from their obligation to perform if performance becomes impossible, commercially impracticable, or the underlying purpose of the contract is frustrated.
Waiver or Release – A party may, per her own volition, sign a waiver or release relieving the other partys obligation to perform.
Any of the above situations may release one or both parties from their duties of performance.
Discussion: Do you agree that the above situations should relieve an individual from her obligations under a contract? Why or why not?