when the subject matter of the contract has been destroyed subsequent to the agreement but prior to performance, the remaining contract obligations will likely be discharged on the basis of .

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13-12-2022
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when the subject matter of the contract has been destroyed subsequent to the agreement but prior to performance, the remaining contract obligations will likely be discharged on the basis of .

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SonaDas SonaDas · Answer 1 · 2022-12-17T20:14:20+01:00

When the subject matter of the contract has been destroyed subsequent to the agreement but prior to performance, the remaining contract obligations will likely be discharged on the basis of impossibility.

What is a contractual obligation?

Contract obligations are those responsibilities outlined in a contract that each contracting party agreed to when they signed and are now legally obligated to fulfill. Parties who enter into a contract agree to do or accept responsibility for something known as a contractual obligation.

These commitments can differ greatly from contract to contract, but they typically fall into one of two categories: an undertaking to take action. a pledge to refrain from doing something. A person's reasonable ability to do or refrain from executing the required task will be taken into account when determining whether or not the contract's obligations are being met.

To learn more about contract obligations, visit:

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