Week 8 - Equitable Remedies Flashcards
1
Q
When will courts consider equitable remedies?
A
When damages may not be adequate or appropriate to compensate a victim of the breach
2
Q
Under what 3 circumstances will courts move to equitable remedies?
A
- subject matter of contract is unique
- damages are too difficult to assess
- where defendant would be unable to pay damages realistically
3
Q
Are equitable remedies available as of right?
A
No, they are only there at the discretion of the court
4
Q
Define specific performance
A
An order to force a party to carry out their contractual obligation
5
Q
Define prohibitory injunctions
A
An order to prevent a party from breaching its contractual obligations
6
Q
Define rectification
A
An order to rectify a mistake in the written contract where it doesn’t reflect the agreement reached
7
Q
Define mandatory injunctions
A
Require the party to perform the contract
8
Q
A