Remedies Under Breach Of Contract

A contract is an enforceable promise between parties. The parties to any contract must perform according to the relevant and required standards. This includes substantial performance of the services promised, complete or strict performance and personal satisfaction. Failure to perform as required is a breach, which is a compensable injury. Several defenses exist as a result of contract breach. This may include, statute of limitation, statute of frauds requirement for writing, fraud, mistake done during contract performance, lack of good capacity and unconscious ability.

However, contracting parties can also treat breach as material when expressly provided, even if objectively– the effect of that breach is unimportant. This is interpreted in Wade v Waldon, where the Lord President sets the criteria for rescission as a matter about the terms of the contract– whether stipulations go “to the root of the contract”, than the breach itself (Wade v Waldon, 1909 ).

It is agreed by many, if not all, that the compensatory principle is the ruling principle in breach of contract

There are four remedies for breach of contract under UCC Article 2. Categorized as remedies of law; the first is compensatory damages, which cover direct losses and costs. Compensatory damages are an attempt to put the non-breaching party in the same position it would have been had they not suffered the breach. Second are consequential damages, which are to cover indirect and foreseeable losses not covered by compensatory damages. Third is restitution to prevent the unjust enrichment of one party in the agreement. Fourth, liquidated damages are provisions agreed to by the parties when drawing up the contract in the event of a default or breach of contract by either party (Melvin, 2011).

Woodside. This happens when both parties are able to perform, but due to circumstantial changes out of their reach, the contract may become null because it’s useless for them to honor the performance of the contract.

“Promissory estoppel is a term used in contract law that applies where, although there may not otherwise be an enforceable contract, because one party has relied on the promise of the other, it would be unfair not to enforce the agreement.” (USLegal.com, 2012)

Ruling: The court held that tenants are allowed remedies for breach of contract against the landlord in view of housing violations under the legal axiom of breach of implied warranty of habitability.

Misrepresentation: Misrepresentation is where there is a false statement in the contract which is made by one of the parties to the

Material and immaterial breach both fall under breach of contract. Immaterial breach isn’t as serious where as material breach is deals with a more serious matter. One example I found is between a home owner and electrician. In this case the homeowner asked the electrician to use a type of yellow wire but instead the electrician

Breach, an improper act or omission, can also be viewed as an element that exists in this case.

Where a contract calls for action that violates a statute, in a breach of contract case the court will:

A breach of contract means that one or more of the terms and obligations written in a deal has not been fulfilled. When one or more of the parties involved in the deal do not comply with the agreements in the contract, it is considered breach a contract. They have the rights to take legal action and claims for compensations or damages in a court. Breach of contract includes failing to perform as promised, making it impossible for the other party to perform as promised, or making it known there is an intention not to perform (When Can You Sue for Breach of Contract?,

Breach – The driver breached his legal requirement to duty of care by failing to adhere to a red light. This breach is measured under a reasonable person standard in that any reasonable person in the same situation would have stopped at the red light rather than ignore it. A breach is simply a violation of a tort or law.

of an agreement, for a party that breaks a contract may be sued in court for the

Misrepresentation refers to a circumstance where a person is induced to enter into a contract partly or entirely by untrue information made by the other party. Misrepresentation can lead to a contract to be voidable. Voidable contract means there is a valid contract whether it is written or verbal. In any voidable contracts, a party has a choice whether to rescind or to continue with the contract. However, there are certain circumstances and elements of misrepresentation that can cause a contract to be voidable. Misrepresentation can occur in a number of ways. Under Section 18 of the Contract Act 1950, misrepresentation includes:-