Breach of Contract
Breach of Contract
Breach of Contract
FACULTY:JAVED AKHTAR
2. Minor breach
3. Anticipatory breach
4. Actual breach
MATERIAL BREACH:
This is of course the most common way that a party will breach a
contract. It occurs when the time arrives for a party to perform
their side of an agreement and they don’t perform.
Example: “Ali” agrees to deliver 10 kg of rice to “Hassan” on 30th
November. Ali fails to deliver the rice to Hassan on agreed time.
This is actual breach of contract by Ali.
ENTITLEMENT OF REMEDIES:
When a contract is broken by one party, the other party may treat
the contract as rescinded and refuse to perform his part of the
contract.
i. Agreement
ii. Wrong or default of adverse party
iii. Inadequate consideration
iv. Time
WHEN RECESSION BE GRANTED:
Where a contract has been broken, the party who suffers by such
breach is entitled to receive from the party who has broken the
contract, compensation for any loss or damages caused to him
thereby, which naturally arose from the usual course of things, or
from such breach, or which the parties knew, when they made the
contract, to be likely to result from the breach of it.
KINDS OF DAMAGES
Contemptuous
Nominal damages.
damages.
QUANTUM MERUIT: