Question
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
- 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
- a.penalty clause
- b.forfeiture clause
- c.cancellation clause
d.interdict
- This form of termination extinguishes the debt after the effluxion of a specified period of time
- a.novation
- b.proper performance/discharge
- c.mergerd.set-off
- e.prescription
- f.waiver/release
- 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
- A contract is terminated when the parties have fulfilled their contractual obligation through
- a.set-off
- b.novation
- c.proper performance/discharge
- d.mergere.novation
- f.waiver
- g.prescription
- 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
- True
- 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
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