26100 Lecture Notes - Lecture 8: Helen Baxendale, Specific Performance, Collateral Contract
Document Summary
Breach -not every breach of contract entitles termination (fail to complete their obligation under contract, this may cause the person to have compensation) Doctrine of frustration = due to no fault, prevents performance or frustration of contract. Whereby b agrees to hire a a theatre on a particular night but is frustrated because of a fire occurs and is destroyed prior to the date for performance of the contract. Contract is declared void at that point in time. > duty to mitigate (not sit around and let the loss continue- minimise it) Terms are broken down into conditions and warranties. Condition: a term vital to the contract non-performance may permit contract to be set aside (recission) plus damages. Conditions = an essential/fundamental term fundamental to the purpose of the contract a. If you breach a condition of your contract you get a remedy, which is te(cid:396)(cid:373)i(cid:374)atio(cid:374) o(cid:396) da(cid:373)ages. You (cid:272)a(cid:374) o(cid:374)l(cid:455) te(cid:396)(cid:373)i(cid:374)ate a (cid:272)o(cid:374)t(cid:396)a(cid:272)t if it(cid:859)s a (cid:272)o(cid:374)ditio(cid:374)
