Preview

Frustrated contract act 1978 nsw

Powerful Essays
Open Document
Open Document
2532 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Frustrated contract act 1978 nsw
Frustrated Contracts Act 1978

As at 1 July 2010

Reprint history:
Reprint No 1

25 June 1981

Reprint No 2

12 November 2002

Long Title
An Act to amend the law relating to frustrated contracts.

Part 1 – Preliminary

1 Name of Act
This Act may be cited as the Frustrated Contracts Act 1978.

2 Commencement
(1) This section and section 1 shall commence on the date of assent to this Act.
(2) Except as provided in subsection (1), this Act shall commence on such day as may be appointed by the Governor in respect thereof and as may be notified by proclamation published in the Gazette.

4 Act binds the Crown
This Act binds the Crown, not only in right of New South Wales but also, so far as the legislative power of Parliament permits, the Crown in all its other capacities.

5 Interpretation
(1) In this Act, except to the extent that the context or subject-matter otherwise indicates or requires:"agreed return", in relation to performance of a contract by a party, means such performance of the contract by another party as is contemplated by the contract as consideration for the first-mentioned performance."court", in relation to any matter, means the court or arbitrator before whom the matter falls to be determined."frustration" includes avoidance of an agreement under section 12 of the Sale of Goods Act 1923."party" includes the assigns of a party."performance", in relation to a contract, means:
(a) performance, wholly or in part, of a promise in the contract, or
(b) fulfilment, wholly or in part, of a condition of or in the contract.

(2) Where performance of a contract is referred to in a provision of this Act:
(a) a reference in the provision to the performing party is a reference to the party to the contract by whom the performance was, or was intended to be, given, and
(b) a reference in the provision to the other party to the contract is a reference to the party by whom performance of the contract is contemplated by

You May Also Find These Documents Helpful

  • Satisfactory Essays

    8. A promise to pay in exchange for a promise of performance becomes an absolute duty when the agreement is formed -F…

    • 936 Words
    • 4 Pages
    Satisfactory Essays
  • Best Essays

    BUS 311 Outline

    • 511 Words
    • 3 Pages

    The section addresses what kind of law governs the type of contract being established and the implications for the party. It also gives support for the reason that the laws can govern this type of contract.…

    • 511 Words
    • 3 Pages
    Best Essays
  • Satisfactory Essays

    Hsc300 Unit 4

    • 588 Words
    • 3 Pages

    3. Assignment: States that the rights and obligations under the Client Agreement may not be assigned to another party…

    • 588 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    LP 5.1

    • 351 Words
    • 2 Pages

    8. What are the general obligations of the seller and buyer in a contract governed by Article 2?…

    • 351 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    IRAC Brief

    • 1009 Words
    • 4 Pages

    (2) Performance of the service, both under his contract for the performance of service and in fact; and the service is performed outside the usual…

    • 1009 Words
    • 4 Pages
    Powerful Essays
  • Satisfactory Essays

    Week 4 Team Reflection

    • 394 Words
    • 2 Pages

    We also discussed contract performance and the obligation of the parties to perform within the requirements or agreement of a contract. The parties agree on terms and perform the contractual obligations in good faith in order to complete the contract.…

    • 394 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    TB11e 10

    • 31152 Words
    • 182 Pages

    4. The ________________ means that there are also responsibilities imposed on parties who commit to binding relationships in contracts.…

    • 31152 Words
    • 182 Pages
    Good Essays
  • Satisfactory Essays

    Request for proposal

    • 371 Words
    • 2 Pages

    a.3 – Proposer or any individual who shall perform work under the contract has a possible conflict of interest…

    • 371 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Ch 12

    • 2110 Words
    • 9 Pages

    16. The effect of an implied contract is not the same as the effect of an express contract.…

    • 2110 Words
    • 9 Pages
    Satisfactory Essays
  • Powerful Essays

    3. Compensation. For Services performed under this Agreement during the Term, Contractor will be compensated at a…

    • 4000 Words
    • 16 Pages
    Powerful Essays
  • Good Essays

    Contract Law

    • 797 Words
    • 4 Pages

    The Constitution Act, 1982, Schedule B to the Canada Act 1982 (UK), 1982, c 11…

    • 797 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Business Law Department Exam

    • 14846 Words
    • 60 Pages

    ___F__ A party to a contract may delegate his rights arising from the contract to another person.…

    • 14846 Words
    • 60 Pages
    Good Essays
  • Good Essays

    Lindsay

    • 1314 Words
    • 6 Pages

    B. Such holder may enforce it as if it had been filled up strictly in accordance with the authority given and within a reasonable time.…

    • 1314 Words
    • 6 Pages
    Good Essays
  • Good Essays

    2. Holwell Securities Ltd v Hughes (1974) AC 1 WLR 155, (1973) 26 P& CR 544.…

    • 1099 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    oblicon

    • 3947 Words
    • 20 Pages

    2. The stipulation in favor of a 3rd person shoukd a part of, not to the whole contract…

    • 3947 Words
    • 20 Pages
    Powerful Essays