Same - Provisions For Discharge Contained In The Contract - Conditions Subsequent

236. A contract may contain within itself express or implied provisions for its determination under certain circumstances. These provisions are conditions subsequent. Such a discharge may take place by reason of -

(a) The nonfulfillment of a specified term of the contract.

(b) The occurrence of a particular event.

(c) The exercise by one of the parties of an option to determine the contract, the option being given either -

(1) By express provision in the contract, or

(2) By a custom or usage forming part of the contract.48

45 Noble v. Ward, L. R. 2 Exch. 135; Goss v. Lord Nugent, 5 Barn. & Adol. 58; Burns v. Real-Estate Co., 52 Minn. 31, 53 N. W. 1017; Hill v. Blake, 97 N. Y. 216; Hickman v. Haynes, L. R. 10 C. P. 598; Blood v. Goodrich, 9 Wend. (N. Y.) 68, 24 Am. Dec. 121; Dana v. Hancock, 30 Vt. 616; Abell v. Munson, 18 Mich. 306, 100 Am. Dec. 165; Musselman v. Stoner, 31 Pa. 265; Wilson's Assignee v. Beam (Ky.) 14 S. W. 362; Carpenter v. Galloway, 73 Ind. 418; Rucker v. Harrington, 52 Mo. App. 481; Augusta Southern R. Co. v. Smith & Kilby Co., 106 Ga. 864, 33 S. E. 28. See "Contracts," Dec. Dig. (Key-No.) § 238; Cent. Dig. §§ 1117, 1123.

46 Stearns v. Hall, 9 Cush. (Mass.) 31; Cummings v. Arnold, 3 Metc. (Mass.) 486, 37 Am. Dec. 155; Negley v. Jeffers, 28 Ohio St. 90; Lee v. Hawks, 68 Miss. 669, 9 South. 828, 13 L. R. A. 633; McClelland v. Rush, 150 Pa. 57, 24 Atl. 354. And see Houston v. Sledge, 101 N. C. 640, 8 S. E. 145, 2 L. R. A. 487; Johnston v. Trask, 116 N. Y. 136. 22 N. E. 377, 5 L. R. A. 630, 15 Am. St. Rep. 394; Blanchard v. Trim, 38 N. Y. 225; Browne, St. Frauds, § 411; 2 Reed, St. Frauds, § 458. See "Contracts," Dec. Dig. (Key-No.) § 238; Cent. Dig. §§ 1111, 1123.

47 Moore v. Campbell, 10 Exch. 323, per Parke, B.; Leather Cloth Co. v. Hieronimus, L. R. 10 Q. B. 140; Long v. Hartwell, 34 N. J. Law, 116, 127; Ladd v. King, 1 R. I. 224, 231, 51 Am. Dec. 624; Swain v. Seamens, 9 Wall. 254, 19 L. Ed. 554. See "Evidence," Dec. Dig. (Key-No.) § 465; Cent. Dig.. §§ 1784, 1899, 204, 2065.

43 Anson, Cont. (4th Ed.) 263-267.