LAW5005 - Contract B Exam Notes

Description

The notes include the following topics, in addition with case summaries and authorities: - Termination for a breach -- Breach of a contract -- Termination - Termination for repudiation and delay -- Repudiation -- Delay - Consequences of affirmation or termination and restrictions on the right to terminate -- Termination v Affirmation - Measure of damages --Damages -- Limitations on the award - Liquidated damages, specific performance and injunctions -- Liquidated damages / penalties -- Specific performance -- Injunctions -- Equitable damages - Restitution and action for debt -- Restitution -- Action for debt -- Payment independent of performance - Frustration - Abuse of power -- Vitiating factors -- Abuse of power - Remedies for vitiating factors under common law: rescission and statutory unconscionability -- Remedies for vitiating factors -- Statutory unconscionability - Misleading and deceptive conduct -- MDC v statutory unconscionability - Remedies for vitiating factors under statute -- Statutory remedies