Legal Consequences Flashcards
1
Q
Partial performance
A
Creditor will always be able to sue for the balance outstanding
2
Q
Fundamental Beach of Contract
A
Other party can sue for damages
3
Q
Term is broken
A
->action for breach of contract
4
Q
Representation is broken
A
-> action for misrepresentation
–> contract is voidable
5
Q
Breach of a warranty
A
Warranty is a term
-continue with contract and sue for damages
CANT repudiate
6
Q
Breach of a condition
A
Condition is a term
-Continue with contract and sue for damages
-injured party can repudiate
7
Q
Misrepresentation
A
Contract voidable
This means the injured party can take steps to rescind the contract
Put parties back in pre-contractual position
