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Paper 3
Contract Law
Remedies
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Cards (7)
Loss of Bargain
cost
of the difference for the next thing if there is a breach
Bence Graphics
v Fasson
UK
Reliance loss
put the
claimant
in the position he would've been if the contract had never been made
Anglia Television
v
Reed
Restitution
if it has been paid for and the other party breaches the
contract
can get money back and
interest
Speculative damages
Ruxley v Forsuyth
-
loss of amenity
loss if the chance of doing something or benefiting from doing something
Jarvis v Swan Tours
- worse quality than advertised holidays
Inconvenience
Bailey v Bullock
C couldn't move and had to live with in-laws
Price of
inconvenience
Causation and remoteness of damage
Hadley v Baxendale
- loss of
profit
due to
7 day
delay
didnt give the money as they said it was too remote
but were sued as it was fair and reasonable and common knowledge
Claimant must mitigate their loses
claimant must minimise the loss resulting from the
breach
by taking all reasonable steps available to him
if they fail to do so, then they cannot recover anything in respect of the extra loss-
Payzu v Saunders