A single promise is that promise in which there is one party and one promise. It is only the promise who can demand performance of the contract of contract law. A person cannot acquire rights under a contract to which he is not a party. A third party cannot demand performance of the contract even though it was made for his benefit is a corporate law.
In case of death of the promise, his legal representatives can demand performance of a contract unless a contrary intention appears from the contract or the contract is of a personal nature. A third party can also demand the performance of contract in some exceptional cases, for example, beneficiary in case of a trust, assignee of contract to corporate law.
A contract must be performed by the party himself. In case of contract involving personal skill or taste, the party himself must perform the contract. In case of death or disablement of party, the contract will be discharged by the contract law.
In a contract where no personal skill is involved, the party may employ a competent person to perform the contract to sell goods; the party can appoint an agent to perform the contract. If the party dies before performance, his legal representatives become liable to perform the contract. In a contract involving personal skill, the legal representatives of a deceased party are not bound to perform the contract. But in a contract of impersonal nature, the legal representatives are bound to perform the contract; legal representatives are liable to the extent of the estate of the deceased received by them. They are not personally liable.A single promise is that promise in which there is one party and one promise. It is only the promise who can demand performance of the contract of contract law.
Lexlaw.us experience in the area of Corporate Law, commercial law, Contract law and Franchise Law. Lex Law is unmatched in the state of Kentucky, and extends regionally. For more information, visit http://www.lexlaw.us/
Read More From Usman
|
