Answer to Question #183198 in Law for Veronica Motsie

Question #183198

Cancelling a contract? The do’s and dont’s to consider! “Every person, whether an individual or a juristic person, will find themselves in a situation where they will want to terminate a contract. The aim of this article is to set out the requirements for terminating a contract as well as to give basic guidance when doing so. When a person wants to cancel a contract, the cancelling party (innocent party) will have a choice to either cancel the contract or to enforce it. This article refers to the innocent party and the party in breach. The reader must however remember that fault it not a requirement for breach of contract. The law regards breach of a contract as a wrongful act in itself which allows the innocent party to cancel the contract. QUESTION 1 Read the above case study and discuss the six main remedies for breach of contract. (30 Marks)

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