Legal Remdies- Termination Of Contract Flashcards
1
Q
What is termination of contract also known as
A
Repudiation
2
Q
When is the C entitled to terminate a contract
A
When there’s been a:
- breach of condition
- frustration
- misrepresentation
- economic duress
3
Q
What is the result of a breach or a vitiating factor on the contract
A
Make contract voidable
C can treat contract as if at end or can continue and sue for damages
4
Q
Whats the result of a breach of warranty
A
The C isn’t entitled to terminate the contract