Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Didn't know it?
click below
Knew it?
click below
Don't know (0)
Remaining cards (0)
Know (0)
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how


Remedies in case of breech of contract

What do we mean by remedies in a contract? When one of the parties breaks the terms of the contract, the other party will be able to gain some sort of compensation for the loss of contract.
What do we mean by Rejection? Give an example. A party who is the victim of a breach of contract may reject the entire contract. This could happen in circumstances where the contract fails because of inability to deliver on time, delivering the wrong quantity or delivering goods of poor quality.
What is meant by Reservation of Title? A remedy that is often expressly written into the contract is the right of the seller to reserve title until the contract price has been paid.
What two types of damages are available for a remedy? Liquidated and unliquidated damages.
What are liquidated Damages? In the business world, it is quite common for parties to agree in advance the amount of damages that will be paid in the event of a breach of contract. These are known as liquidated damages
What are unliquidated damages? These are damages awarded for breach of contract where there is no prior agreement between the parties as to the amount of damages to be awarded.
What do we mean by Injuctions? Order of the court requiring the party at fault not to break the contract
Created by: sheebaf



Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards