23. 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 party’s 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?