Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
13 Cards in this Set
- Front
- Back
|
Contract Remedies
|
Legal = Damages
Restitutionary - Legal = 1) Restitutionary 2) Replevin 3) Ejectment Restitutonary - Equitable = 1) Constructive Trusts/Equitable Liens Pure Equitable = Specific Performance****, Recission, Reformation |
|
|
Legal Damages -- Compensatory
Retuirements(4) |
1) Causation (Actual Causation)
2) Forseeability (Proximate Causation 3) Certainty 4) Avoidability/Mitigation |
|
|
Legal Damages -- Compensatory
Direct and Consequential |
DIRECT -- flow inherently from wrong
CONSEQUENTIAL -- related damages r/s foreeable at time of formation |
|
|
Legal Damages -- Nominal
|
Allowed in K claims
|
|
|
Legal Damages -- Punitive
|
Not allowed in K
|
|
|
Liquidated Damages Clause
(2) |
1) Damages are difficult to ascertain at time of K formation
2) R/s forecause of damages VALID -- only LDC damages allowed INVALID (Penality) -- only ACTUAL damages allowed |
|
|
Restitutionary -- Restitution
(2) |
1) Unenforceable Ks
2) Breached Ks |
|
|
Equitable --Specific Perf
Elements (6) ***SEE ALSO Lecture Notes p. 29-35*** "Cha Cha Is My Favorite Dance" |
Defendant required to perform K
1) Valid K 2) Contract Conditions of Pltf must be satisfied 3) Inadequate Legal Remedy alternative 4) Mutuality of Remedy 5) Feasibility of Enforcement 6) Analyze DEFENSES |
|
|
Equitable --
Specific Performance Feasibility of Enforcement & Covenants Not to Compete (2) |
1) Services unique
2) Scope (geographic and time) r/s |
|
|
Equitable -- Recission
(2) "Good Dog" |
K Considered voidable and rescinded
1) Grounds for recission 2) Valid Defenses? |
|
|
Equitable -- Recission Grounds
(K formation issues) |
Mistake (MUTUAL: material -- recission granted; collaterial -- recission denied) (UNILATERAL: usu. denied unless EXCEPTION -- "know or should know"/undue hardship)
Misrepresentation (usually granted if Pltf shows reliance) Coercion Undue Influence Lack of Capacity F ailure of Consideration Illegality |
|
|
Equitable -- Reformation
(3) "Very Good Dog" |
Changes written K to conform with parties' original understanding
1) Valid K 2) Grounds for Reformation 3) Valid Defenses? |
|
|
Equitable -- Reformation
note on Mistake Defenses |
If MUTUAL --> reformation granted
IF UNILATERAL --> reformation denied UNLESS non-mistaken party knows of mistake |
