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Ch 13: Contracts: Discharge of Contracts: Tutoring Solution

About This Chapter

The Contracts: Discharge of Contracts chapter of this Introductory Business Law Tutoring Solution is a flexible and affordable path to learning about discharge of contracts. These simple and fun video lessons are each about five minutes long and they teach all of the definitions and conditions involving the discharge of contracts required in a typical introductory business law course.

How it works:

  • Begin your assignment or other introductory business law work.
  • Identify the discharge of contracts concepts that you're stuck on.
  • Find fun videos on the topics you need to understand.
  • Press play, watch and learn!
  • Complete the quizzes to test your understanding.
  • As needed, submit a question to one of our instructors for personalized support.

Who's it for?

This chapter of our introductory business law tutoring solution will benefit any student who is trying to learn discharge of contracts and earn better grades. This resource can help students including those who:

  • Struggle with understanding methods of discharging contracts, contractual illegality, equitable remedies or any other discharge of contracts topic
  • Have limited time for studying
  • Want a cost effective way to supplement their business learning
  • Prefer learning business visually
  • Find themselves failing or close to failing their discharge of contracts unit
  • Cope with ADD or ADHD
  • Want to get ahead in introductory business law
  • Don't have access to their business teacher outside of class

Why it works:

  • Engaging Tutors: We make learning discharge of contracts simple and fun.
  • Cost Efficient: For less than 20% of the cost of a private tutor, you'll have unlimited access 24/7.
  • Consistent High Quality: Unlike a live business law tutor, these video lessons are thoroughly reviewed.
  • Convenient: Imagine a tutor as portable as your laptop, tablet or smartphone. Learn discharge of contracts on the go!
  • Learn at Your Pace: You can pause and rewatch lessons as often as you'd like, until you master the material.

Learning Objectives

  • Learn the different methods for discharging contracts, such as conditions performance or material breach.
  • Study changed circumstances in contracts.
  • Examine recission, novation and accord.
  • Understand contractual illegality and public policy.
  • Define statutory illegality in contracts.
  • Learn what it means to have a valid, voidable or unenforceable contract.
  • Describe legal remedies in contracts and see specific court cases.
  • Understand equitable remedies.

9 Lessons in Chapter 13: Contracts: Discharge of Contracts: Tutoring Solution
Test your knowledge with a 30-question chapter practice test
Methods of Discharging Contracts: Conditions, Breach & Agreement

1. Methods of Discharging Contracts: Conditions, Breach & Agreement

For the most part, a contract is discharged or no longer valid once the promises of both parties have been fulfilled. A contract may be discharged because one party did not fulfill the promises or both parties agree that it's no longer necessary.

Changed Circumstances in Contracts: Possibility, Practicality & Effects

2. Changed Circumstances in Contracts: Possibility, Practicality & Effects

Sometimes, promises made in a contract cannot be performed because of unforeseeable circumstances that cannot be defined in a clause. In these cases, the law allows changes for reasons of impracticality, impossibility and frustration of purpose.

Other Contract Discharge Options: Rescission, Novation & Accord

3. Other Contract Discharge Options: Rescission, Novation & Accord

In general, a contract is a legally binding agreement in which two or more parties make and agree to certain promises. Although the parties are bound to the terms, the parties may agree to discharge the contract through rescission, novation or accord.

Contractual Illegality & Public Policy: Definition, Examples & Issues

4. Contractual Illegality & Public Policy: Definition, Examples & Issues

Contracts, in general, contain six elements that must be present. One such element is legal object. This means that the terms of a contract must be legal and not against public policy.

Statutory Illegality in Contracts: Legislation, Liability & Examples

5. Statutory Illegality in Contracts: Legislation, Liability & Examples

The law states that the terms of a contract must not violate any laws including statutes. Any contract written that is in violation of statutes or laws is unenforceable.

Valid, Void, Voidable, and Unenforceable Contracts

6. Valid, Void, Voidable, and Unenforceable Contracts

There are several kinds of contracts. Some bind parties wholly, while others do not. The terms of the contract determine whether a contract can be fully executed.

Legal Remedies in Contracts: Definition & Acts

7. Legal Remedies in Contracts: Definition & Acts

When one party breaches the terms of a contractual agreement, the court uses any of several remedies to make the injured party whole. These remedies include compensation, consequences for breach, punishment, nominal fines, liquidation and mitigation.

Equitable Remedies in Contracts: Definition & Examples

8. Equitable Remedies in Contracts: Definition & Examples

There are several remedies a court can impose on parties in a breach of a contract case: rescission, restitution, specific performance, injunction, reformation or quasi-contract. Learn about each of these remedies in this lesson.

Economic Duress in Contract Law: Definition & Cases

9. Economic Duress in Contract Law: Definition & Cases

After you complete this lesson, you will understand what constitutes economic duress. You will have learned the elements of economic duress and reviewed several examples.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
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