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Breach of Contract - Business Law - Lecture Slides

Slides, Business Law

Post: December 29th, 2012
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Breach of Contract, Remedies for Breach, Restitution, Commonwealth Bank, Mistake of Law, Usual Remedy, Common Law Remedy, Loss or Injury, Commonwealth of Australia, Amann Aviation are key points from this lecture of Business law.
Breach of Contract, Remedies for Breach, Restitution, Commonwealth Bank, Mistake of Law, Usual Remedy, Common Law Remedy, Loss or Injury, Commonwealth of Australia, Amann Aviation are key points from this lecture of Business law.
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Contents
Remedies for Breach of Contract Docsity.com Remedies for Breach Remedies Common law Equitable remedies Damages Recission Restitution Specific Performance Injunction Quantum meruit Anton Piller order Docsity.com Remedies for breach - rescission • Rescission: – Does not require the intervention of the court. – Entitles the injured party to set the contract aside and is only available for breach of a condition. – Substantial restoration must be possible as the injured party is restored to their pre-contractual position. – The right to rescission is lost if the injured party: • continues with the transaction; • fails to act or act within a reasonable time; or • if an innocent third party acquires an interest in the subject matter. Docsity.com Remedies for breach - restitution • Restitution: – Is based on the concept of unjust enrichment and sometimes referred to as quasi-contract. – The plaintiff must establish: • the defendant must obtain a benefi..

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