Remedies Flashcards
Three types of remedies
Legal
Restitutionary
Equitable
In determining whether Specific Performance is an appropriate remedy, the Court will consider (5)….
- The inadequacy of available legal remedies
- The likelihood of future performance by the party seeking enforcement of the contract
- The ability of the breaching party to render performance, and
- The balance of interested and relative hardships of the contracting parties, and
- Any potential difficulties in supervision or enforcement of the decree.
Estate of Lucille Osborne v. Kemp
Party seeking SP must establish…
- A valid contract exists
- Party was ready, willing, and able to perform, and
- The balance of equities tips in favor of the party seeking performance.
Balance of Equities in favor of the party seeking performance - For SP to be appropriate, the court must be convinced that the specific enforcement of a validly formed contract would not cause…
even greater harm than it would prevent.
Laches
Doctrine that bars a plaintiff who has not acted promptly in bringing the action. “Equity aids the vigilant, not those who slumber on their rights”
Test for Laches
Does the delayed claim produce a substantial prejudice to the defendant, look to
- loss of material evidence
- faded witness memories
- economic losses
Estoppel
A doctrine that bars a party from asserting a claim or right that contradicts what they have said or done before, or that contradicts what has been legally established as true.
Quantum Meruit - “what one has earned”
a reasonable sum of money to be paid for work done when the amount due is not stipulated in a legally enforceable contract.
Carbasho v. Musulin
Damages recoverable for the negligent destruction of personal property are limited to FMV at the time of destruction
Loss of use is traditionally disallowed because courts assumed that upon destruction of the property…
the person would immediately replace it.
How to measure Loss of Use (3)
- Demonstrate reasonable cost of renting same
- Rental value of the damaged property OR
- Profits that could have been made from the use of the property
Permanent damages are given where (2)
Miller case
- cause of injury is fixed
2. property will always be subject to the injury
Diminution in value (permanent damages)
FMV of the land before the injury - FMV of land after the injury
Tree Value (Laube v. Thomas, special purpose trees)
Where trees have special value, the tree value is measured by the FMV of property before tree destroyed - FMV after tree destroyed.
Collateral Source Rule
Compensation or benefits which an injured party receives from a source independent from the responsible party are not deducted from the responsible party’s liability