BTC1110 Lecture Notes - Lecture 6: Tabcorp Holdings, Expectation Damages, Specific Performance

• School: Monash University
• Department: Business - BTC
• Course: BTC1110
• Professor: Roger Gamble

Document Summary

Remedies where contract is terminated for breach: cacl [12. 30] Situations that provide right to terminate: repudiation either anticipatory or when contract is performed, breach, in performance, of condition, breach on innominate term that has effect of denying innocent party of substantial part of breach of contract. Remedies where contract is not terminated for breach: cacl [12. 60] Situations where contract remains valid despite a breach; Breach on innominate term or warranty that does not deprive other party of part of benefit; or. Breach of condition but innocent party opted not to terminate contract. Three principles regarding damages for breach: cacl [12. 80] Principle: damages for breach awarded to place innocent party in same position as they would have been if contract had been performed. Plaintiff compensated for loss of benefits (cid:862)e(cid:454)pe(cid:272)tatio(cid:374) da(cid:373)ages(cid:863: recover expenses (cid:862)(cid:449)asted e(cid:454)pe(cid:374)diture(cid:863, money spend in reliance on contract (cid:862)relia(cid:374)(cid:272)e (cid:272)ost(cid:863)