Breach Of Contract And Remedies Flashcards
1
Q
Express repudiation
A
Refuses a k
2
Q
Fundamental breach
A
If someone does, or fails to do something so important it robs you of the benefit of contract - the k is ended and you sue for damages
3
Q
Important issues are called?
A
Conditions - breach of condition = end of k plus $
4
Q
Minor issues are called?
A
Warranties = rights to $
5
Q
Warranty
A
A guarantee or promise which provides assurance by one party to the other party that specific facts or conditions are true or will happen
6
Q
Condition
A
The circumstances affecting the way in which people live of work, especially with regard to their safety or well being
