1. A clause contained in the contract that entitles a contracting party to cancel the contract immediately if the other party is in breach of contract is known as
2. a.penalty clause
3. b.forfeiture clause
4. c.cancellation clause

d.interdict

1. This form of termination extinguishes the debt after the effluxion of a specified period of time
2. a.novation
3. b.proper performance/discharge
4. c.mergerd.set-off
5. e.prescription
6. f.waiver/release
7. g.novation

his remedy is available to the aggrieved party only in cases where an essential/material term of the contract has been breached, and as a last resort

a.specific performance

b.exceptio non adimpleti contractus

c.cancellation

d.damages

his remedy is available to the aggrieved party where such party has suffered financial loss as a result of the breach of contract

a.damages

b.cancellation

c.exceptio non adimpleti contractus

d.specific performance

1. A contract is terminated when the parties have fulfilled their contractual obligation through
2. a.set-off
3. b.novation
4. c.proper performance/discharge
5. d.mergere.novation
6. f.waiver
7. g.prescription

1. Theexceptio non adimpleti contractusas a defence may be raised by one party where such party is expected to perform, while the claimant has not rendered or tendered performance
2. True
3. False

his remedy for breach of contract is aimed at fulfilment of the contract

a.damages

b.specific performance

c.exceptio non adimpleti contractus

d.cancellation

clause contained in the contract that entitles a contracting party to cancel the contract immediately if the other party is in breach of contract is known as

a.penalty clause

b.forfeiture clause

c.cancellation clause

d.interdict