100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Summary Contract Law Diagram - Part 2 $9.81   Add to cart

Summary

Summary Contract Law Diagram - Part 2

 5 views  0 purchase
  • Course
  • Institution

This is part two to the first part of my contract law diagram. This is a continuation of a summary of the contract law concepts including case law and statutory references.

Last document update: 8 months ago

Preview 1 out of 1  pages

  • October 23, 2023
  • March 20, 2024
  • 1
  • 2023/2024
  • Summary
  • Unknown
avatar-seller
Common Law Rule
Categories of a frustrating event:
Comes from Davis Contractors v
- Government intervention
- Unavailability of specific person
Fareham (Radically different, without 1. Frustration + Force Maje
fault, and is unforeseen). Eg - Taylor v
- Illegality
Caldwell (Contract discharged),
- Impossibility
Paradine v Jane
- Non-Occurrence of a fundamental event (Morgan v Manser)


Consequences
Delay - relevant factors Discharge of contract
* Contractual provisions for the consequence of the delay? - Contract comes to an end
* Likely length of the delay - Both parties released from all future
* Any time set in the contract for obligations to be performed obligations
* Performance resumed radically different from the contract - Neither party in breach of contract
(Metropolitan Water Board v Dick Kerr and Company) Money paid, due, expenses, and benefits
* More expensive and difficult to perform (Tsakiroglou v Noblee - Common law (Fibrosa Spolka Akcjna v
Fairbairn)
2. Preliminary Statemen
Thorl)
- LR (FC) Act 1943

Remedies Pre-Contractual Statements
● Recission - the effect of any misrep is to make the ● Terms - if false will be actionable
contract voidable. Misrepresentee can affirm or rescind it as a breach of contract
● Ways to lose right to rescind: Affirm, Delay, Innocent third ● Representations - if false may be
party interest, Impossibility actionable as misrepresentation 3. Duress + Undue Influen
● Damages for misrepresentation ● Sales Puff - If false not actionable

Types of Duress - “Pressure, espec
Fraudulent misrepresentation Effect of duress actual or threatened physi
* Assessed on tort principles Fraudulent Voidable force, put on a person to a
* Extends to all losses - Knowledge it is - rescission a particular way”
* East v Maurer false; or - Neither party need perform future
* Contrasts damages for breach - Without belief in obligations
Non-Fraudulent CIBC Mortgages plc v Pitt
its truth; or - Notice required
* s2(1) MA 1967 - Notice of reason for surety
- Recklessly, not NB - bars to rescission
* Reasonably foreseeable losses? Barclays bank v O’Brien
caring if its true a) affirmation
* All consequential losses? - Actual or constructive notice
or false b) undue delay
* Royscot v Rogerson RBS Etridge (No 2)
- Derry v Peek c) an innocent purchaser has already
Onus of proof - Constructive notice
Non Fraudulent acquired interest in the property
* Misrepresented must prove that they - Put on inquiry
- Giving a right to d) impossible to restore goods or

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller lucynewman. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.81. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

62555 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$9.81
  • (0)
  Add to cart