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Performance & Breach of Contract
By Bharat Galani MeraSkill.com Š MeraSkill
Performance of Contract
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Promisor vs Promisee Ramesh sells his house to Rajesh for Rs. 1,00,000/-.
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Reciprocal Promise Act vs promise Types of Promises:1. Mutual and Independent (Bike) 2. Conditional and dependent (Car - Booking) 3. Mutual and Concurrent (Cash Sales) Alternate Promises : Legal & Illegal things
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Performance of contract Promisor
Actual Performance
Breach
Legal Representative
Attempted Performance
Actual breach
Agent
Discharge
Anticipated breach
Third Person
Mutual Agreement
Remedies
Joint Promisors
Impossibility of Performance Lapse of Time Operation of Law Time & Place Incidental Topic
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Performance Actual or Attempted to Perform (Offer,Tender)
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Who can perform?
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Performance of contract
Promisor Legal Representative Agent Third Person Joint Promisors
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Legal Representative Excl- Personal Skill Succession Assets - ₹ 200 crs Liability - ₹ 201 crs Assignment
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Joint Promisors Liability Joint Several Joint & Several Liability
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