100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Summary 12 Remedies for Breach of Contract R50,00
Add to cart

Summary

Summary 12 Remedies for Breach of Contract

 21 views  0 purchase

Summary of 4 pages for the course Mercantile Law 193 at SUN (Merc Law summaries)

Preview 1 out of 4  pages

  • October 1, 2020
  • 4
  • 2019/2020
  • Summary
All documents for this subject (31)
avatar-seller
summaryprovider
12. Remedies for Breach of Contract

Specific Performance
- Innocent party may ask for specific performance.
- Specific performance is order of court that debtor must perform in accordance
w/contract.
- If person doesn’t comply w/order commits contempt of court.
- If ordered to pay money, order may be executed by judicial procedure,
whereby assets can be seized & sold in execution to meet obligations.
- Regarded as primary remedy South Africa.
- Cases where court will refuse to grant it & such cases creditor will have to
claim damages
- Court will always have discretion to grant specific performance & must be
freely exercised.
- No fixed rules, but each case will be treated on own merits according to
principles of public policy & fairness.
- Where specific performance will not be granted:
o Where performance is impossible.
o Where leads to undue hardship.
o If performance would cause undue expense/detriment for debtor/public
in comparison to benefit it would have for creditor.
o Courts reluctant to force employee onto an employer because of
personal nature of relationship & same applies for partners in
partnership.
o If performance not clearly defined to extent that is impossible to
determine whether performance has taken place in accordance w/court
order & to enforce order depending on circumstances whether only
difficult/impossible to enforce order of court.
- Debtor can’t argue damages will be sufficient remedy.
- Creditor will have right to specific performance even if creditor could be
sufficiently compensated by claim for damages.
- Damages won’t be defence even if contract of sale has been concluded &
goods sold can be obtained in open market.



Cancellation
- Innocent party may cancel contract in certain circumstances which is
extraordinary & drastic remedy.

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 EFT, 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 this summary from?

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

Will I be stuck with a subscription?

No, you only buy this summary for R50,00. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

50843 documents were sold in the last 30 days

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

Start selling
R50,00
  • (0)
Add to cart
Added