lecture 17

Question 1

1. Also known as “Determination” of
   contract.
2. Means untimely conclusion of the
   contractual agreement before full
   discharge of contractual responsibilities
   by one of the parties.
3. Is different from Breach of contract,
   though it might result from such breach.
4. Has different reasons, each resulting in a
   different course of action.

Answer 1

Termination of contract

Question 2

1. Granted to either party (Owner or GC) if other
   party defaults on delivering their responsibilities
   under the contract.
2. Allows the injured party to seek damages.
3. Breach or default must be substantial, or
   “material” to justify termination.

Answer 2

Termination for default

Question 3

1. Granted only to the owner.
2. Secures proper and suitable compensation for
   the contractor.
3. Can also be a mutual convenience between
   owner and contractor (In this case called
   “Mutual Renunciation”)

Answer 3

Termination for convenience

Question 4

1. Also known as Frustration of Object.
2. Could result from:
3. Practical impossibility.
4. Subjective impossibility
5. Objective impossibility
6. Or Supervening illegality (Laws or regulations
   rendering it impossible)

Answer 4

Termination for Frustration of Purpose: