What are some examples of legal and equitable remedies available for breach of contracts? What are some legal excuses for nonperformance or other grounds for discharge of contracts? Provide examples
Specific Performance: This remedy is used when court order compel the party in breach, to perform a certain task or bargain which was already a part of the contract
In this remedy, old contract is cancelled and may be a new contract with new or improved terms are made.
In this remedy, some of terms which are controversial in the contract are reformed. Or conflicting terms are removed and fix.
EXCUSES can be:
Mistakes: For example. both company made mistakes in estimating the budget or signing some contract
Fraud: One example of fraud in the execution is when a party is tricked into signing the contract.
Unconscionability: for example High pressure sales pitch
Content will be erased after question is completed.
Enter the email address associated with your account, and we will email you a link to reset your password.
Forgot your password?