Divisible contract wikipedia
Define Divisible contract. Divisible contract synonyms, Divisible contract pronunciation, Divisible contract translation, English dictionary definition of Divisible contract. a contract containing agreements one of which can be separated from the other. See also: DivisibleA divisible contract is a contract in which the parties performances are divided into matching pairs of duties to perform that the parties consider equal. Divisible contracts are similar in concept to installment contracts. For example: divisible contract wikipedia
What is DIVISIBLE CONTRACT? . One which is in its nature and purposes susceptible of division andapportionment, having two or more parts in respect to matters and things contemplatedand embraced by it, not necessarily dependent on each other nor intended by theparties so to be.
The contract is broken into multiple, divisible pieces. Clark completes the first phase consisting of laying the building foundation, which simultaneously working on the second phase. This second phase regards constructing a parking garage beside the building. In addition, if a contract is made explicitly for a set such as a complete set of books, furniture or clothes the failure to deliver the entire set is almost certainly a breach of the entire contract. Also termed divisible contract.divisible contract wikipedia Divisible contract definition is a contract containing agreements one of which can be separated from the other so that one part may be valid or enforceable although another is void or so that a right may accrue on one and not on another.