c3 general Flashcards

You may prefer our related Brainscape-certified flashcards:
1
Q

types of discharge

A

perfomance: complete + exact; substantial; partial

frustration = fail to perform due to no fault of either party - no liability for failure

breach = failure to perform will lead to remedies for breaching a contract

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

types of performance discharges

A

complete and exact

substantial - damages may still be payable

partial - if the contract is severable

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

define: quantum meruit

A

claim to cover the amount paid for the amount of work already completed

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

anticipatory breach of contract - actions by other party

A

indicate in advance

other party can either (if it is serious):
-treat the contract as discharged immediately and sue for damages
-allow the contract to continue until there is an actual breach

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

repudiatory breach

A

one party breaches contract

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

UCTA = who does it apply to

A

unfair clause act = business2business

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

which way will the courts interpret any ambiguity in an exclusion court?

A

they will favour the party not relying on it

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

3 types of injunctions

A

mandatory injunction - take positive steps to undo something (ie demolish a building)

prohibitory injunction - observe a negative promise made (ie only manage 1 boyband)

asset-freezing injunction - stop selling or disposing of key assets

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

remedies: specific performance

A

court may make a discretionary order for a specific performance - orders the deference to perform his part of the contract instead of letting him ‘buy himself out’

awarded when:
- damages are not an adequate remedy
- it would not require supervision of the performance
- not for a contract of personal service (ie employment)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

in what scenario can mental distress/damages for enjoyment be claimed?

A

only when the purpose of the contract is for the provision of enjoyment

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

is the claimant required to take all steps to reduce or mitigate their loss?

A

no - only REASONABLE steps - not ones which carry undue risk or that are discreditable

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

2 ways of measuring damage

A
  1. expectation interest (common) - to put the person in the position they would be in had the contract not been breached
  2. reliance interest - to put the claimant in the position he would have been in had he not relied on the contract (situs where it is impossible to tell what the contract would result in - think: major actor pulling out of a contract)
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

prohibitory injunction vs mandatory injunction vs specific performance

A

prohibitory = stop

mandatory = undo ie demolish a building

specific performance = do something

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Unfair Contracts Terms Act 1977

A

B2B

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

reliance interest

A

claimant is seeking to reclaim money they have wasted in performing a contract that the defendant has breached - protect their reliance interest

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

expectation interest

A

the amount of money needed to put the claimant in the position they would have achieved if the contract has been performed - protects their expectation interest

17
Q

remedy - common law or equitable law

A

equitable law

remedies : specific performance or injunctions

18
Q

damages - common law or equitable law

A

common law

damages - awarded for actual financial loss
based on:
-expectation interest = to put the person in the position he would have been in if the contract had been performed
-reliance interest = to put the claimant in the position he would have been if he had not relied on the contract

mental distress + damages for loss of enjoyment may be recoverable where the principle purpose of the contract is the provision of enjoyment

19
Q

positive promise - remedy (injunction)

A

mandatory injunction

20
Q

negative promise - remedy (injunction)

A

prohibitory injunction

21
Q

liquidated damages vs penalty clause

A

liquidated damages - a pre estimate of potential damage written into the contract
-effective provided it is a genuine attempt to pre estimate the likely loss

penalty clause - where the liquidated damages are excessive, the penalty clause is not enforceable

22
Q

UCTA : clause which attempts to exclude or restrict liability for death or personal injury relying from negligence

A

void

23
Q

UCTA : clause which attempts to exclude or restrict liability for other loss or damage arising from negligence

A

void unless it can be shown to be reasonable (statutory test of reasonabless)

24
Q

UCTA - contracts of sale/hire purchase - a clause that purports to exclude or limit liability for breach of the undertakings as to title of the seller or owner, implied by the Sale of Goods Act

A

void