Chapter 13 HW

1. Substantial performance
2. Accord and satisfaction
3. Complete performance
4. Mutual release
5. Legal tender
6. Statute of limitations
7. Discharged
8. Tender
9. Performance
10. Reasonable tender

 

1. When it is not stated in the contract “time is of the essence.”
2. When it is stated in the contract “time is of the essence.”
3. The court will enforce it to be done in reasonable time.
4. The reasonable person test determines satisfactory performance
5. The doctrine of substantial performance is when someone fulfills the requirements of the contract, leaving only minor details incomplete.
6. Courts will allow discharge for impossibility only when there is death or illness, destruction of exact subject matter, ad illegality.
7. Statute of limitations is when the law may specify the time within which a contract may be enforced.