Chapter 11 Remedies For Breach Of Contract 11 11 11 A violation; a gap or break. innocent party's rights are infringed. remedies. 1. execution of the contract (specific perfomance) primary remedy. 2. cancellation of the contract additional drastic (abnormal) remedy. 3. damages innocent party claim damages as a result of breach of contract. 11.4 causal connection between breach of contract and loss the breach of contract must have caused the loss or, put differently, the loss must have been a consequence of the breach of contract. the innocent party may, therefore, claim damages only for losses which resulted from the breach of contract.
Chapter 11 Chapter 11 Remedies For Breach Of Contract R The termination of an obligation. (1) in contract law, discharge occurs when the parties have fully performed their contractual obligations or when events, conduct of the parties, or operation of the law releases the parties from performance. (2) in bankruptcy proceedings, the extinction of the debtor's dischargeable debts. Chapter 11: remedies for breach of contract. remedies are what is available to rectify situation in case of breach. protect rights of innocent; without such remedies, there would be no way to enforce contacts and no real reason for contracting parties to keep their contractual promises. The act of transferring to another all or part of one's rights arising under a contract. bilateral mistake. a mistake that occurs when both parties to a contract are mistaken about the same material fact. breach of contract. the failure, without legal excuse, of a promisor to perform the obligations of a contract. Chapter 11 (1) execution of contract determined nature seriouness of breach of contract terms of contract legal remedies at disposal of innocent party (3) damages (2) cancellation of contract obvious remedy (3) prohibitory interdict 3 x orders: execution of contract (2) order for reduced performance (1) order for specific performance what reduced contract price should be contract price less.
Comments are closed.