1. What was the main point in Inveresk Plc v Tullis Russell Papermakers Ltd?
- The specified contract must be thorough to enable performance
- A judge must be sought in times of dispute
- obligations presumed to be counterparts unless clear indication to contrary
- For retention to be granted, the obligations must take place contemporaneously ie. the counter obligations existed at the same time
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2. What options are available to the innocent party?
- Court Injunction and Damages
- Forced Performance and Implicit Performance
- Suspending Performance and Terminating Performance
- Terminating and Withholding Performance
3. Which year was Inveresk Plc v Tullis Russell Papermakers Ltd?
4. the right to performance of mutual obligations is absolute
- False, it is conditional
- True it is absaloute
5. What principle does the conditional nature of mutual obligations rely on?
- the condition is that performance must always be demanded
- the condition is that performance cannot be demanded unless given in return
- the condition is that performance must be to a satisfactory standard on at lease one side