INTRODUCTION
A contract (according to Gibson 1997) is a lawful agreement made between two or more persons within the limits of their contractual capacity, with the serious intention of creating a legal obligation, communicating such intention, without vagueness, each to the other and being of the same mind as to the subject matter, to perform positive or negative acts which are possible of performance.
Contracting parties through agreement, breach and operation of law can terminate contractual agreements. This paper will focus on termination of contracts through breach. …
