Professional Documents
Culture Documents
DEFAULT BY
DEBTOR
PREVENTION OF DEFAULT BY
PERFORMANCE CREDITOR
5 FORMS
OF BREACH
OF
CONTRACT
POSITIVE
REPUDIATION
MALPERFORMANCE
USED IN RELATION
TO SPECIFIC
OBLIGATION - NOT
CONTRACT AS
WHOLE
WHERE
OBLIGATIONS
DEBTOR
DEBTOR HAS TO
FROM BOTH
PARTIES - WILL IN
TURN BE DEBTOR &
& PERFORM
OBLIGATION
CREDITOR
CREDITOR
CREDITOR =
ENTITLED TO
PERFORMANCE
DEBTOR COMMITS
BREACH OF
CONTRACT
DEFUALT
BY
DEBTOR
(1) PERFORMANCE IN DEFAULT = IN
= DELAYED MORA
2 x REQUIREMENTS
MORA
DEBITORIS -
POSSIBLE TO
PERFORM @
DEMAND
LATER STAGE IF TIME = LINKED
NECESSARY IF
TO PERFORMANCE
PERFORMANCE
- NOT IN MORA -
SPECIFIED FOR
PREVENTION OF
CERTAIN DAY,
PERFORMANCE -
BUT UNCERTAIN
NO LONGER
WHEN DAY WILL
POSSIBLE
ARRIVE
CREDITOR MUST
ALLOW DEBTOR
DATE MUST BE
REASONABLE
CERTAIN
TIME IN WHICH
TO PERFORM
(2) NO EXACT
DATE - CREDITOR
DEMAND
PERFORMANCE
BEFORE / ON
CERTAIN DATE
BREACH OF
CONTRACT ONLY
WHEN PARTY TO
CONTRACT
CULPABLY,
INTENTIONALLY /
NEGLIGENTLY NOT
HONOUR
OBLIGATION
DELAY
DUE TO
DEBTOR'S
IF DEBTOR
FAULT
WARRANTED
PERFORMANCE -
NO BREACH -
WILL BE BREACH OF
CIRCUMSTANCES
CONTRACT - BY
BEYOND CONTROL
GIVING GUARANTEE
- DEBTOR ASSUMES
RICK OF DELAY
ENTITLES CREDITOR
TO REMEDIES FOR
BREACH OF
CONTRACT
DEFAULT
BY
CREDITOR
CREDITOR'S CO-
OPERATION = CREDITOR CAUSES
REQUIRED FOR DEBTOR'S
DEBTOR TO BE ABLE PERFORMANCE TO
TO RENDER BE DELAYED
PERFORMANCE
(A)
PERFORMAN
CE MUST BE PERFORMANCE
DISCHARGEA NOT
BLE DISCHARGEABLE
DEFAULT
UNTIL ANY RELATED
MUST BE DUE
SUSPENSIVE
TO FAULT OF
CONDITION =
CREDITOR
FULFILLED / UNTIL
TIME FOR
PERFORMANCE
NO EXACT DATE -
(B) DEBTOR
DEBTOR DEMAND
MUST
& SET DATE - IF
TENDER
NOT PERFORMED
PERFORMANC
- MORA EX ELEMENTS E
PERSONA
OF MORA
CREDITORIS
(B) RECIPROCAL
(D) DEBTOR IN
AGREEMENTS -
MORA -
DEBTOR
REMOVED BY
REMAINS
SUBSEQUENT
ENTITLED TO
DEFAULT OF CONSEQUENCES PERFORMANCE
CREDITOR
OF CREDITOR'S DUE TO HIM
DEFAULT
DEBTOR ALSO
CREDITOR
REMAINS
REMAINS
LIABLE FOR
LIABLE FOR
PERFORMANC
COUNTER-
E - PERFORM
PERFORMANCE
LATER
(C) SHOULD
PERFORMANCE
BECOME IMPOSSIBLE - OBLIGATIONS
OTHER THAN OF PARTIES
THROUGH INTENTION NOT
/ GROSS NEGLIGENCE TERMINATED
WHILE IN MORA BY MORA
DEBTOR RELEASED CREDITORIS
FROM OBLIGATION TO
PERFORM
DEBTOR COMMITS
ACT WHICH =
CONTRARY TO
TERMS OF
CONTRACT
PERFORMANCE =
(2) DEBTOR DOES
PERSON DO
SOMETHING MAY
SOMETHING /
NOT DO ITO
REFRAIN FROM
AGREEMENT
DOING SOMETHING
POSITIVE
MALPERFORMANCE
EXISTENCE OF
CONTRACT =
DENIED; TRIES TO
ENTITLES INNOCENT
WITHDRAW FROM
PARTY TO USUAL
CONTRACT
REMEDIES FOR
WITHOUT
BREACH OF
JUSTIFICATION;
CONTRACT
GIVES NOTICE THAT
CANNOT / WILL NOT
PERFORM
REPUDIATION
INNOCENT PARTY
NOT EXPECTED TO POSSIBLE TO
WAIT & BEAR RISK REPUDIATE ONLY
THAT OTHER PARTY PART OF
MIGHT NOT HONOUR OBLIGATION
OBLIGATIONS
WHERE DEBTOR
CULPABLY RENDERS
OWN
PERFORMANCE
IMPOSSIBLE
PREVENTION
OF
PERFORMANCE
BY DEBTOR
DEBTOR STILL
DEBTOR DEEMED TO
ENTITLED TO
HAVE DISCHARDED
CREDITOR'S
OBLIGATION
PERFORMANCE