First Principles of Business Law

Quiz: Remedies for breach of contract

Question 9

 

 

 

Which one of the following statements is correct?

(a) Performance of a contract cannot be terminated on grounds of a breach of an innominate term.  The only remedy for breach of an innominate term is a claim for damages.

(b) As soon as there is a breach of a condition in a contract, the defaulting party automatically looses their right to discharge outstanding obligations by performing them.

(c)  Even when performance of a contract is terminated on grounds of breach of contract, the defaulting party remains liable to pay damages for losses caused by their failure to perform.

 

 

 

 

 

 

 

 

 

 
 

 

 

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