Commerce May/June 2015

Question 6

  1. What is contract?
  2. List and explain four ways by which a contract can be discharged.




Most of the candidates got the definition of contract very well but they did poorly on part  (b).  Some of the answers expected from the candidates included:

Ways to bring contract to an end:

(i)        by frustration;
(ii)       by lapse of time;
(iii)       operation of law;
(iv)       Act of God.