Remedies and Breach

Question 1

Performance, breach and repudiation interpretation: Investors Compensation Scheme

Answer 1

Interpretation: Meaning to a:
- reasonable person having all the background knowledge which would have been available to the parties at the time of contracting

Question 2

Performance, breach and repudiation interpretation: Arnold v Britton

Answer 2

Natural language and clear, objective interpretation is required. Courts should not try to apply common sense or what the parties “should” have written