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Liz Aylott

on 12 February 2014

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Transcript of Remedies

Remedies for Breach of Contract
Non-performance gives the right to claim damages and terminate contract if a condition is breached
Remoteness - are you entitled to damages?
Were the losses foreseeable at the time the contract was formed

Expectation Interest or loss
Reliance Interest or loss
Market Rule
Non-financial Losses
Quantum meruit

Requirements for Courts to apply these equitable remedies
Three issues -
Victoria Laundry v Newman Industries
Hadley v Baxendale
Jarvis v Swan Tours
Liquidated Damages
Parties can set an agreed amount of damages prior to the contract being accepted
Equitable Remedies
Specific Performance
Full transcript