Textbook Notes (368,245)
Canada (161,733)
MGSC30H3 (57)
H Laurence (33)
Chapter 14

Chapter 14 - Breach of Contract and Remedies

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Management (MGS)
H Laurence

Chapter 14Breach of Contract and RemediesTHE NATURE OF BREACH OF CONTRACTthe expressimplied refusal to carry out a promise made under a contract is a form of dischargewhen the refusal occurs it creates new rights for the injured party that entitle that party to bring an action for the damages suffered as a result of the breach can also grant compensation to end contract issue an order requiring performance to be doneExpress Repudiationrepudiation a refusal to perform a contractby a conduct or by a form of communication express breachwhen a party repudiates a promise to perform the repudiation is said to be express breach anticipatory breachrepudiation of a promise before the time fixed for performance if the repudiated promise represents an important condition in the agreement then the
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