This podcast by Professor Jennifer S. Martin discusses a discharge of duties such that parties do not have to perform their contractual obligations and cannot demand performance under the other party’s contract. Consideration is required to support enforcement of an agreement, including a modification of a contract resulting in a discharge of duties. This podcast […]
Entries Tagged as 'accord and satisfaction'
Discharge of Duties: Discussions in Contracts
January 19th, 2021 · Comments Off on Discharge of Duties: Discussions in Contracts · Contracts, Lawdibles Audio
Tags:accord and satisfaction·discharge·discharge of duties·duties·novation·rescission·substituted contract·substituted performance
Payment Systems: Effect of the Instrument on the Underlying Obligation
September 11th, 2017 · Comments Off on Payment Systems: Effect of the Instrument on the Underlying Obligation · All Posts, Lawdibles Audio, Negotiable Instruments
The topic of this podcast, by Professor Jennifer Martin, is the relationship between the liability that parties have on an underlying contractual obligation and an instrument that is taken as payment for the same obligation, including using an instrument to achieve an accord and satisfaction as to a contractual dispute. For example, an individual enters […]
Tags:3-310·3-311·accord and satisfaction·Article 3·law school·negotiable instrument·UCC