The courts will give the company a chance to change

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You payed for a home theater system, but received books. The courts will give the  company a chance to change the mistake A minor (non-material) breach:  the duty to perform is not excused and the non- breaching party must resume performance of the contractual obligations undertaken Ex.  You contracted with amazon to get 5 flash drive, but only send 4.  The courts will  give them time to send the 5 th What are the various ways to discharge the obligation to perform? Discharge by Mutual Rescission For an executor contract, parties must make a new contract, oral or written. Under UUC,  however, contracts must be in writing If one party has performed, agreement to rescind must have additional consideration
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Ex. If the contract is yet to be preformed, and there is a mutual agreement between the  parties to forget entirely the contract.  The old contract is voided in the new contract.  You cannot just rip up the contract, it must be in writing that the contract is no more.   This needs to be in writing because sometimes there are extra copies of the contract  and one party will try to sue the other   Discharge by Novation:  Both parties agree to substitute a new third party for one of the original parties Ex. You purchase a car.  You have signed the contract to make payments.  You begin to  not be able to pay for the payments.  Your parents offer to take over the payments.  If a  new contract is formed, you need to say the new contract is void and that your parents  will be SUBSTITUTED to met the obligations. NEEDS TO BE IN WRITING.  Requirement:  previous valid obligations, agreement by all parties, extinguishment of all  old obligations, and new valid contract Discharge by Accord and Satisfaction: Accord: contract to perform existing contractual duty not yet discharged Satisfaction: performance of the accord Another contract is made  What are the various ways your obligation can be discharged by operation of  law?  Material Alteration: Innocent party is discharged after material alteration Ex. A contract is altered without notice to the other party.  The court will fraud has taken  place Statutes of Limitations Bankruptcy: Generally bars enforcement of non-exempt transactions Will excuse the party to some extent.  Your assets will be assessed. And the money will  be dispersed based on what is more important
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When Performance is Impossible Objective Impossibly: supervening event was not foreseeable Ex. Oil driller has promised 10,000 barrels to a distributor.  All of a sudden there is a  natural disaster that hits the rig.  It becomes impossible to run your company.  This  circumstance becomes impossible. WHEN IT INVOLVES MOTHER NATURE, THE 
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