Remedies Flashcards
(11 cards)
1
Q
Expectation loss
A
2
Q
Reliance loss
A
3
Q
Liquidated damages
A
4
Q
Quantum meruit
A
For work that has been done
Any valuable benefit
5
Q
Equitable remedies
A
Misrep
Economic duress
When money isn’t satisfactory
6
Q
Termination of contract
A
7
Q
Anticipatory breach
A
Aim: out position if contract was complete
Duty to mitigate losses
Could claim anticipated profit
Any costs incurred
Repudiate - treat as contract is over
Could consider expectation loss, reliance loss
8
Q
Two tests in awarding damgages
A
9
Q
Common law remedies of damages
A
10
Q
A
11
Q
CRA
A
CRA remedies
Common law
