Remedies- equitable Flashcards
1
Q
What are the two types of remedies?
A
- Equitable remedies
- Compensatory remedies
2
Q
What are the two types of equitable remedies?
A
1- specific performance
2- recission
3
Q
What is meant by specific performance?
A
-forces d to carry out their side of the contract
4
Q
What is meant by recission?
A
-parties are put into the position they were in before the loss.
5
Q
What happens if you breach a condition?
A
repudiation + damages
6
Q
What happens if you breach a warranty?
A
only damages no repudiation.
7
Q
What happens if you breach an inominate term?
A
depends on whether it is considered a condition or a waranty.
8
Q
What happens if there is an anticipatory breach?
A
-when they are notified it will be broken
-can wait or sue immeadiately
-hocester v de la tour.
