Chapter 14

• Anticipatory breach


  An advanced determination that a party will not perform his or her part of the contract when the time for performance arrives.
• When a party's behaviour or actions implies that he or she will not complete they part of the contract

  Implied repudiation
• Where a party has comitted a breach of contract has completed almost all obligations, the injured party cannot avoid his/her performance but is entitled to dicounts and damages

  Doctrine of substantial performance
• Obligations of the injured part to reduce the losses comitted by the breach of contract.

  Mitigation
• Return for losses that can be naturally expected to flow from a breach of contract; Represents compensation for losses.

  General damages
• Specific damages that do not otherwise flow normally or naturally from specific breach of contact.

  Specific damages
• Damages awarded by a court tp punish a wrongdoer.

  Punitive damages
• An exact amount of money, or a set formula to calculate the amount of money, a party will owe if it breaches a contract, in order to compensate the injured party for its losses. 

  Liquidated damages
• Fair remedy of the court granted when damages would be not enough.

  Specific performance
• Fair remedy of the court that orders the person or persons named therein to refrain from doing certain act.

  Injunction
• “as much as he has earned” remedy that permits person to recover reasonable price for services and/or materials requested

  Quantum meruit