CISG instalment contract
CISG article 73 deals with a contract for delivery by instalments. A fundamental breach concerning one instalment can allow avoidance of that instalment; a well-founded conclusion that a future instalment will be fundamentally breached can justify avoidance of future deliveries. Interdependence can affect other instalments. The concept concerns successive deliveries, not merely payment of a single delivery in instalments.
Worked example
A seller agrees to deliver equipment in three monthly lots. A serious failure in the first lot is assessed for its own consequences and whether it gives well-founded grounds for anticipating a fundamental breach of later lots.
Common mistake
Assuming a contract with three payment dates necessarily is a CISG instalment-delivery contract.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | LW (GLO) | Direct | September 2026–June 2027 |