Where both parties have obligations that remain unperformed, the contract may be discharged by mutual waiver. This is [...]: see Wilson (Paal) & Co A/S v Partenreederei Hannah Blumenthal, The Hannah Blumenthal [1983] 1 AC 854.
Answer
a new contract by which each party agrees to waive their rights under the old contract in consideration for being released from their obligations under the old contract
Tags
#contract #discharge #law
Question
Where both parties have obligations that remain unperformed, the contract may be discharged by mutual waiver. This is [...]: see Wilson (Paal) & Co A/S v Partenreederei Hannah Blumenthal, The Hannah Blumenthal [1983] 1 AC 854.
Answer
?
Tags
#contract #discharge #law
Question
Where both parties have obligations that remain unperformed, the contract may be discharged by mutual waiver. This is [...]: see Wilson (Paal) & Co A/S v Partenreederei Hannah Blumenthal, The Hannah Blumenthal [1983] 1 AC 854.
Answer
a new contract by which each party agrees to waive their rights under the old contract in consideration for being released from their obligations under the old contract
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Parent (intermediate) annotation
Open it Where both parties have obligations that remain unperformed, the contract may be discharged by mutual waiver. This is a new contract by which each party agrees to waive their rights under the old contract in consideration for being released from their obligations under the old contract: see Wilson (Paal) & Co A/S v Partenreederei Hannah Blumenthal, The Hannah Blumenthal [1983] 1 AC 854.
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