Discharge Of Contract

 By

performance  By death  By refusing tender of performance  By breach of contract  By impossibility of performance

 By    

agreement novation accord / satisfaction remission recession

 By

promisee failing to offer facilities  By operation of law  insolvency  merger  By unauthorized material alteration  By lapse of time

Remedies For Breach Of Contract
 Suit  Suit  Suit

for specific performance for injunction for damages Merit

 Quantum

Types Of Damages
 Compensatory  Nominal

Damages

Damages Damages

 Exemplary  Special

Damages

Rules For Ascertaining Damages
 When

a contract is broken the aggrieved party is entitled to receive compensation for loss or damages  No compensation for any remote and indirect loss  Party suffering must have taken steps to minimize the loss

Sign up to vote on this title
UsefulNot useful