Remedies - Termination of contract for breach Flashcards

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1
Q

When does breach of contract occur? 3

A

Party does not perform their obligation
Party fails to reach standards set or expected in contract
Party unlawfully repudiates the contract

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2
Q

Consequence of a breach of condition?

A

Injured party can sue for damages and/or repudiate contract

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3
Q

Consequence of breach of warranty?

A

Sue for damages only

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4
Q

Consequence of a breach of an innominate term?

A

Injured party can sue immediately.

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