Part 2: Remedies Flashcards
1
Q
What is a remedy?
A
A remedy is what the courts gives party who has suffered through non-performance of contract.
The main remedies are:
1. Common law remedy of damages
2. Equity remedies; injunction and specific performance
3. Statutory remedies; CRA 2015(any terms implied by statute are breached)
Additionally, injured party may be able to terminate the contract - repudiation.