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.
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