We may now pass from undertakings that certain facts are true at
the time of making the contract, to undertakings that certain
facts shall be true at some later time,--that is, to promises
properly so called. The question is when performance of the
promise on one side is a condition to the obligation of the
contract on the other. In practice, this question is apt to be
treated as identical with another, which, as has been shown
earlier, is a distinct point; namely, when performance on one
side is a condition of the right to call for performance on the
other. It is of course conceivable that a promise should be
limited to the case of performance of the things promised on the
other side, and yet that a failure of the latter should not
warrant a rescission of the contract. Wherever one party has
already received a substantial benefit under a contract of a kind
which cannot be restored, it is too late to rescind, however
important a breach may be committed later by the other side. Yet
he may be [334] excused from going farther. Suppose a contract is
made for a month's labor, ten dollars to be paid down, not to be
recovered except in case of rescission for the laborer's fault,
and thirty dollars at the end of the month. If the laborer should
wrongfully stop work at the end of a fortnight, I do not suppose
that the contract could be rescinded, and that the ten dollars
could be recovered as money had and received; /1/ but, on the
other hand, the employer would not be bound to pay the thirty
dollars, and of course he could sue for damages on the contract.
/2/
But, for the most part, a breach of promise which discharges the
promisee from further performance on his side will also warrant
rescission, so that no great harm is done by the popular
confusion of the two questions. Where the promise to perform on
one side is limited to the case of performance on the other, the
contract is generally conditioned on it also. In what follows, I
shall take up the cases which I wish to notice without stopping
to consider whether the contract was in a strict sense
conditioned on performance of the promise on one side, or whether
the true construction was merely that the promise on the other
side was limited to that event.
Public-domain text, read in full here on John Shaqi.
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