In commercial transactions, contractual obligations can be terminated, invalidated, or remedied through distinct legal principles. Match each commercial contract scenario on the left with its corresponding legal concept on the right.
- Both contracting parties enter an agreement for the sale of cargo, unaware that the cargo had already perished at sea prior to contract execution.Common Mistake
- A building contractor is wrongfully prevented from finishing a construction project by the owner after completing half of the agreed work, and claims payment for work done.Quantum Meruit
- A trader signs a commercial supply agreement solely because the supplier threatened physical violence against the trader's family.Duress
- A valid shipping contract becomes illegal to execute because a government trade embargo is enacted after the contract was signed.Discharge by Frustration
Cevap
The correct pairings are: 1) The sale of cargo already perished before execution matches Common Mistake; 2) A contractor wrongfully prevented from completing work claiming for work done matches Quantum Meruit; 3) Signing an agreement under threats of physical violence matches Duress; 4) A contract becoming illegal due to a post-formation trade embargo matches Discharge by Frustration.
Each contractual scenario corresponds to its governing legal rule: Common Mistake applies to pre-contractual destruction of subject matter; Quantum Meruit remedies partial performance interrupted by the other party's breach; Duress vitiates consent through physical coercion; and Frustration terminates contracts rendered impossible or illegal by post-formation events.
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Law of Contract: Discharge, Vitiating Elements, and Remedies for Breach
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