actual breach

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    Created by
    Triss _

    Cards (10)

    • What is actual breach?
      party fails to perform their obligations in the contract
    • What is it called if it is serious?
      repudiatory breach
    • What does repudiatory breach mean?
      serious
    • If it is repudiatory breach what has happened?
      there has been:
      a breach of a condition
      a refusal to perform the contract
      a serious breach of an innominate term
    • In what ways can a breach occur?
      renunciation by a party of their liabilites
      impossability created by the party's own actions
      total or partial failure of performance
    • What happened in Gearbulk Holdings?
      right to terminate for non delivery was contained in the contract and classed as a condition so the contract could be ended
    • What is the remedy?
      damages
    • What cna the innocent party do if the term is a condition?
      entitled to also end the contract
    • What happens if the term is an innominate term that is then classed as a condition?
      contract can be ended
    • What is a case example?
      Gearbulk Holdings
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