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3 Cards in this Set
- Front
- Back
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FORCE MAJEURE (MODIFICATION/IMPOSSIBILITY
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1.When a party anticipate one of more events that it cannot readily prevent and 2.that might impede its performance,3. it may well introduce a term intended to excuse it from performing 4if the impediment arises.
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Mutual Rescission
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1.Contractual duties can be discharged by mutual rescission 2.when both parties expressly agree to recession.
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Account Stated
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Contractual duties can be discharged by an account stated.
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