MBAL-105: Legal Aspects in Business – Unit 7
Objectives: understand the meaning of performance; explain the types of performance; state the requisites of a valid tender; and list the various modes of discharge of contracts.
Materials:
The relevant material is available here.
Questions:
- What do you mean by performance of a contract?
- What is meant by tender? What are the essentials of a valid tender?
- Whoo should perform the contract? Is performance of a contract by third-party valid?
- Explain the legal rules relating to time and place of performance of contract.
- “Time is the essence of contract.” Comment.