Remedies Flashcards

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1
Q

Legal Remedies

Can Not Rely Purely Rendering Liquid

A
  1. Compensatory
  2. Nominal
  3. Reliance - contracts only
  4. Punitive
  5. Restitution
  6. Liquidated damages
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2
Q

Equitable Remedies

If Specific Random Rongs

A
  1. Injunctive relief
  2. Specific performance - contracts
  3. Rescission - contracts
  4. Reformation - contracts
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3
Q

Equitable Defenses

A
  1. Unclean hands
  2. Laches
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4
Q

Compensatory Damages Formula

Contracts

A

Expectation damages + consequential damages + incidental damages - failure to mitigate - costs avoided

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5
Q

Compensatory Damages

Tort

A

Seek to compensate the P for their injury/harm

Medical expenses, pain and suffering, lost wages

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6
Q

Expectation Damages

Contract

A

Goal is to put the injured party in the same position as if the contract had been performed

Based on the contract price for performance and FMV of performance

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7
Q

Consequential Damages

Rule statement and Elements

A

Reasonably foreseeable damages other than expectation damages that are related to the tort or breach of contract

Three elements:
1. Foreseeability - must be the natural and probable consequence of the breach or contemplated by the parties at the time of contracting
2. Causation - damages were caused by D’s breach
3. Certainty - cannot be too speculative

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8
Q

Reliance Damages

Contracts only

A

Damages the non-breaching party incurred in reasonable reliance on the promise that the other party would perform

CANNOT get both reliance and expectation damages - choose 1

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9
Q

Incidental Damages

Contracts only

A

Damages that arise when the non-breaching party tries to remedy the breach

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10
Q

Nominal Damages

Torts and Contracts

A

Plaintiff can seek nominal damages if the harm or loss is slight

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11
Q

Punitive Damages + Limitations

A

Goal is to punish the D for serious misconduct, not destroy

Constitutional limitations - cannot be grossly excessive
1. Reprehensibility of the conduct
2. Ratio of compensatory to punitive damages
3. D’s wealth

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12
Q

Restitution

Tort and contracts

A

Measured by the benefit conferred on D based on theory of unjust enrichment

CANNOT get both restitution and compensatory - choose 1

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13
Q

Limitations on Money Damages

A
  1. Actual cause - tort & contract
  2. Proximate cause - tort
  3. Certainty - tort & contract
  4. Avoidable consequences - tort & contract
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14
Q

Injunctive Relief

A

An injunction is a court order directing a person to act or refrain from acting

Torts and contracts

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15
Q

Temporary Restraining Order

A

A party seeking a TRO must establish:
1. Likelihood of success on the merits
2. Irreparable harm if not granted or money damages inadquate
3. Balancing of the hardships

Can be granted ex parte
14 day max
Defenses not considered

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16
Q

Preliminary Injunction

A

Same requirements as TRO but a PI:
1. Lasts up through trial
2. Requires notice and full hearing on the merits
3. Is appealable
4. Defenses are considered, and
5. P may have to post bond

17
Q

Permanent Injunction

A

Granted after case to prevent violation of P’s rights or restore rights that have been violated.

Same requirements as TRO and PI except:
1. Requires success on the merits
2. Implemented at end of trial

Does not end unless:
1. Reversed by higher court
2. Satisfied
3. Discharged

18
Q

Specific Performance

A
  1. Valid contract
  2. With clear and certain terms
  3. Non-breaching party has satisfied any conditions precedent or they are excused so breaching party’s performance is now due
  4. Money damages are inadequate
  5. Feasability of enforcement
  6. No valid defenses
19
Q

Rescission

A

Judicial unmaking of a contract

Must:
1. Show grounds for rescission - mutual mistake, unilateral mistake, mispresentation/fraud

Usually followed by replevin or restitution

20
Q

Reformation

A

Judicial re-writing of a contract to reflect parties’ true intent

Grounds for reformation:
1. Mutual mistake
2. Unilateral mistake
3. Fraudulent misrepresentation

21
Q

Constructive Trust

A

Judicial remedy imposing duty on D to convey property to the P

Requirements:
1. D holds title to the property subject to the constructive trust
2. D’s retention of the property would unjustly enrich D, and
3. Money damages are inadequate

Must trace to the property

If increase in value of property –> P gets that increase

22
Q

Equitable Lien

A

Forced sale of D’s property and P gets proceeds from the sale

Requirements - same as CT:
1. D holds title to the property
2. D’s retention of the property would unjustly enrich D, and
3. Money damages are inadequate

Must trace to property
P does not get increase in value of property

23
Q

Replevin

A

P can retain possession of personal property D took pending the outcome of trial

Tort - can be used to recover misappropriated money or obtained by fraud

Contract - can be used to recover goods from D that P is legally entitled to

24
Q

Ejectment

A

Must bring an ejectment action to regain possession of property held by another

25
Q

Fraudulent Mispresentation

A

Must show:
1. False assertion of fact made knowingly or recklessly without regard to its falsity
2. With intent to mislead the other party
3. That induced reliance on the contract, and
4. Justifiable reliance on misrepresentation by adversely affected party

26
Q

Unilateral Mistake

Reformation

A

Reformation is available if the other party is aware of the mistake and has either:
1. Fraudulently induced the mistaken party’s erroneous belief, or
2. Does nothing to correct the mistaken belief