Friday, April 14, 2006

Conditions Excused

Excused
        Failure to cooperate
        Actual breach
        Anticipatory repudiation
        Inability or unwillingness to perform
                Nonbreaching party can SUSPEND his/her performance UNTIL breachor assures
        Substantial performance
        Divisible K
                2 or more parts
                Number of parts is the same
                Each party assumes risk for one part at a time
        Waiver or Estoppel
                Estoppel
                Election
                Does not waive damages for failure of condition
                Only conditions that are ancillary or collateral (not main purpose of K)

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