Remedies Flashcards
(158 cards)
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First tie on module this heyar, ewuitable remedies obvs course to datr concerned with institution fot rust, epress trust resulting trust c.t. , trusts for rpivste purpose,cy prs , so very much looking at turst and how can eb created when arise and duties trustes, proeitatyr rememd ben, todays elc and enxr weeks lec. But this alst topic si really nothing to dow tih trust, sep topic butmake up equity, requite rem part of ost equit course
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Forget trusts and just focus on remedies avila an equi- final chunk of equity and trust course. Thing slike recision, rectification, injucntions, specifi perfoamcne, so this whoe topic remedies, tutorial q and will be examind fis time this year.f or those hwo ahte trust this wil eb saving grace. Equit remedies do – do soemthign toehr than topic relaitn trust makes upo this lec and next lec so heres u opp
Introduction
Introduction
Equitable Remedies apply in ALL fields of law, e.g Contract, Intellectual Property, Tort
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e.Gs ithings like injcutioms tro restrain breach of contract or stop osmeoen rbeahcign agreement tor estrain use of conf info or breach of cxopyright injuction be obtained ormdidle tort stp someone trespassing land injunction
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So equitable remeid- injucnitons… really do paly importna tpart and compliment civil law obcs vommonlaaw mian rem = damages how mcu u get but if suffer loss entitled to common law dam as right.. Ct work out and then loo at rules rmeottes award, comp .. But saw e=gsutiruakcaky , equitably developed menu other – speciif perfom recison, all equitable re,
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All eq rem highly discretionary hut all this additional rem work ina didito to dimple comn la wdamage this flexi bity .. Have been defvleoped b equity ckviilc ause of action
So facet equity improtnat felt improant to include in equity trust course
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Equitable Remedies were developed in Court of Chancery to ameliorate the harshness of the Common Law and to provide for alternative relief, with remedies being developed like, Rescission, Specific Performance and Injunctions and account.
RESCISSION
Rescission is the right of a party to a contract to have the contract set aside and to be restored to his former position as if the contract had never been formed.
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to restore status quo anti psootion before agreement entered into, why want recision want ti bc ct undo contract to roder a transfer consideration back from aprties form ocne it came to undo contr to set it aside perhapos on trms, discretion tod ot hat.
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When get recison- say contrat nebver been form bc some factor lessen genuines consent parties of that aghreemnt obv e.g.mis rep fraudlent neg or inncoen to coursevaries bit there under misrep act1967 s.2 – recison potential rem there. But still equitybale and still discretionary
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Rescission can be ordered by a court for various reasons here, mistake, fraud, lack of consent.
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When else could recison be ordered – well euqitbale to recend contract but discresion of court. Or where contract entered into udnure influence improper pressur epalced some shape or form on 1 contracting party agaisn another.
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Right barclasy bank v obrein remebr contract law- right to set aside contrac, th undue influence means imporper pressure,
Justice nuebuerger – problisoky brown undue infleucne in family home chec I tout – hardback 2002 haven’t updated not much happen sicne then prob could right second edition.
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Recision- for what other vixitiaing factors can lessen quality of consent trasncaiton like contract get recision fo it- misrep, undue infleu, duress gun to ehad sign here, didn’t truly consent, so recision be avial
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Eonomic dures- don’t sign will stop selling cheap cig- economic presur-e economic durees contract la- any of these estab show contract weasdnt propab entered itno get eecision but recision is an equit remedy and wright to recision is equity innocent party has
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Obs recision here is undoing contract on basis thay consent supporting that contract wasn’t prop obtained, wasn’t due cocneous adidem meetin gof midns bc someone some shape form pressuring enter that agreement.
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So notbased on true geneuiend conset. Court would order each pry to order back value each part gave other
Receion to terms. But ud try bring about restituor intgreim to restore pre contractual positon besta s u an.
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Sometiems have to makeppl give reciosn on terms- chees v Thomas but reccison equitable discretianry remdy.
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Distinguishable from Rescission for breach !
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Obvs reciision undoing contract for LACK OF COSNENT DIFF FRO RECINDING CONTRACT FOR BREACH – if someone in fundamental breach u are gine trust u can elect to terminate contract and accept repudairtoy brech. Almost like fundamental breach offer to terminate offer accpe can term u can then accept breach.
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Soemtiems called recision fro brehac
But recision here sayin contract should ntb be made cos pressure in first palce
So reciion is this sense equitablea dn discretionary
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E.G At common law a contract can be rescinded for mistake where the parties have made a mistake which negates agreement or which would make the performance of the contract as agreed impossible.
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Great Peace Shipping v Tsavliris Salvage [2003] QB 679
CA held: There was no separate form of mistake in equitable which merely rendered a contract voidable, only mistake at common law which could render a contract void.
Lord denning only 1 mistkae at common law
Rescission of Voluntary Transactions
So if u give away some money as deed of gift, so just five someone 20,000 deed of gift, a gifts money to b b nothing return no contract no consideration and then transpires only reason cos b gonna blow brains out the obvs 1 can get recision of giftr on absis of duress