Remedies for breach of contract (wk 5) Flashcards

(2 cards)

1
Q

types of breaches?

A
  • anticipation: one party indicates in advance they’ll not fulfill their obligations.
  • material: violation of terms in contract
  • minor: one party doesn’t perform some parts of the contract, but overall purpose is still achieved.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

remedies for breach of contract?

A

self help (no court order)
- rescission: contract cancelled, restore back to original position before contract
- retention and lien: keep possession of property

judicial remedies (with court order)
- compensation
- interdict: court tells you not to do something

How well did you know this?
1
Not at all
2
3
4
5
Perfectly