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Business Law ConcentrateLaw Revision and Study Guide

Business Law Concentrate: Law Revision and Study Guide (4th edn)

James Marson and Katy Ferris
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date: 03 October 2022

p. 675. Contract IV: discharge of contract and remedies for breachlocked

p. 675. Contract IV: discharge of contract and remedies for breachlocked

  • James MarsonJames MarsonPrincipal Lecturer in Law, Sheffield Hallam University
  •  and Katy FerrisKaty FerrisAssistant Professor in Business Law, University of Nottingham

Abstract

Each Concentrate revision guide is packed with essential information, key cases, revision tips, exam Q&As, and more. Concentrates show you what to expect in a law exam, what examiners are looking for and how to achieve extra marks. This chapter focuses on contract law. It discusses the discharge of contracts and the remedies for breach of contract where one of the parties has failed in their contractual obligations. Contracts can be discharged through performance, agreement, frustration, or breach. In the event of frustration, the parties can establish their own remedies or they can rely on the provisions developed through the Law Reform (Frustrated Contracts) Act 1943. Remedies have been established through the common law and equity. Damages are the primary remedy in most cases, but equitable remedies include specific performance, injunctions, and rectification.

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