Breach

• Breach of contract

  If either parties fail to carry out their part
• if there is a breach - two remedies are available

  -carry out the contract

  -compensation
• discharge of contract

  -both parties fulfil their obligations

  -by frustration: unforeseen circumstances
• types of remedies for breach of contract:

  -common law

  -damages
• types of damages for breach of contract

  -liquidated: amount not pre agreed

  -unliquidated: pre agreed sum