Explain the operation of a condition subsequent

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Reference no: EM133291407

Assignment:

1. Bob entered a contract for the purchase of a car on Wednesday October 26 and the contract said he need to pay for the car "by Friday". When Bob failed to pay on Friday October 28, the car dealer demanded payment. Bob takes the position that he can pick any Friday he wants to pay and he has chosen Friday, March 10, 2023 as the Friday to pay. Considering the "golden rule" of contract interpretation do you agree with Bob's interpretation of the contract?

2. How does the parole evidence rule impact business relationships?

3. Shawna always dreamed of owning her own farm. After looking at several farms, she decided to buy Farmer John's farm as Farmer John assured her that the well water on the farm was the most abundant and beautiful tasting water in Central Alberta. However, when Shawna moved to the farm, barely any water came out of the well and it tasted awful. Over the next few months Shawna tried several ways to fix the well and eventually paid to have another well drilled, with no better results. Shawna ended up having to install a water reservoir system, which was very expensive. Discuss if you think that Shawna is entitled to make a misrepresentation claim against Farmer John in this circumstance AND what remedies Shawna could obtain if successful with her claim.

4. Explain the operation of a condition subsequent.

5. Given the need for speed, contractual obligations must be performed on time. Is that statement true?

6. Sally believes that since her contract with Mike was discharged due to Mike's breach, Mike can't use the exclusion clause in the contract to avoid liability as the breach means the contract completely ceases to exist. Do you agree with Sally?

7. World famous county singer Dolly Blossom entered into a contract with the Big Valley Jamboree in which she agreed to arrive at least two days before her performance so she could attend rehearsals. As a seasoned professional Dolly believed she did not need to attend rehearsals so she arrived two hours before her scheduled performance. The director of the Jamboree was furious and discharged the contract with Dolly on the basis that Dolly had committed a breach of the contract. Was the director entitled in law to do so?

Reference no: EM133291407

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