Easy to follow: Contract B exam notes

Description

Use these notes to assist in exam answer structure, understand contract concepts and identify case law. Note: these notes have not been updated and the law is subject to change. Please note that recent law changes to unfair contract terms as of 9 November 2023 have not been included in these notes but should be considered. Topics include: Termination Consequences of the right to terminate (election, affirmation and termination) Restrictions on the right to terminate (election, estoppel, waiver, forfeiture, good faith, contractual and international transactions) Common law damages Limitation on damages Liquidated damages and penalties Restitution Actions for debt Frustration Common law vitiating factors and remedies Statutory vitiating factors and remedies