Remedies of Breach of Contract

Cards (4)

  • Damages - a judge can order the financial compensation can be paid to the innocent party involved for they have suffered as a result of the other party's breach - may receive extra money to compensate for loss
  • specific performance - can order the person who breaks the contract to carry out their side of the contract - innocent party then doesn't lose out in any way
  • Rescind the contract - an order from the judge that the contract be cancelled - both sides of the contract are returned to the position they were before the contract was made - usually happens when the contract is frustrated and ensures nobody loses out
  • remedies for a breach of contract - rescind the contract, specific performance and damages