CPT Chapter breach of contract

CA CPT Exam  

With Bharat Gelani.Duration:2hrs 01min

Breach of Contract Duration (min:sec)
Breach  
{modal https://www.youtube.com/embed/Okcb7MhyBEw?autoplay=1;rel=0|width=780|height=439|title=Introduction}Introduction{/modal} 02:01
{modal https://www.youtube.com/embed/30b1IxOR5as?autoplay=1;rel=0|width=780|height=439|title=What is Breach}What is Breach{/modal} 04:41
{modal https://www.youtube.com/embed/0Jlaldz1xpM?autoplay=1;rel=0|width=780|height=439|title=Actual Breach}Actual Breach{/modal} 07:09
{modal https://www.youtube.com/embed/JGXen7jP5eU?autoplay=1;rel=0|width=780|height=439|title=Anticipatory Breach}Anticipatory Breach{/modal} 19:35
{modal https://www.youtube.com/embed/ckMqSmxCsYM?autoplay=1;rel=0|width=780|height=439|title=Overview -Remedies for Breach of Contract}Overview -Remedies for Breach of Contract{/modal} 02:58
{modal https://www.youtube.com/embed/eKog4fHBVfM?autoplay=1;rel=0|width=780|height=439|title=Recession of Contract}Recession of Contract{/modal} 05:26
{modal https://www.youtube.com/embed/mPJxtNqcfJw?autoplay=1;rel=0|width=780|height=439|title=Damages & Types of Damages}Damages & Types of Damages{/modal} 30:07
{modal https://www.youtube.com/embed/W33NkzyAgHk?autoplay=1;rel=0|width=780|height=439|title=How damages are calculated}How damages are calculated{/modal} 08:05
{modal https://www.youtube.com/embed/jC4hwb6JXc4?autoplay=1;rel=0|width=780|height=439|title=Suit Quantum Merit}Suit Quantum Merit{/modal} 14:31
{modal https://www.youtube.com/embed/PnTGnnqtv-g?autoplay=1;rel=0|width=780|height=439|title=Suit for Specific Performance}Suit for Specific Performance{/modal} 05:46
{modal https://www.youtube.com/embed/PaR7tbjrfh4?autoplay=1;rel=0|width=780|height=439|title=Suit for Injunction}Suit for Injunction{/modal} 04:08
{modal https://www.youtube.com/embed/6IlDyTJV0KQ?autoplay=1;rel=0|width=780|height=439|title=Quiz}Quiz{/modal} 16:14
{modal https://www.youtube.com/embed/IDXHM0YrtoM?autoplay=1;rel=0|width=780|height=439|title=Conclusion}Conclusion{/modal} 00:38
Total 02:01:19

Notes

Breach
Actual Breach
Promisor refuses to perform on the due date
Claim compensation
Anticipatory Breach
Promisor refuses to perform before time for performance
Promisee may cancel or keep alive
Claim Damages

Remedies for breach of contract

1.Rescission of contract - discharge of promise
2.Claim Damage
3.Suit upon Quantum Meruit
4.Suit for specific performance
5.Suit for injunction

Rescission of contract

Cancellation of contract
Discharge of promise

Liability for Damages

Liquidating damages - Ascertained during contract
Ordinary damages - Ordinary course of Business
Special damages - Notice of special circumstances
Vindictive or exemplary damages - (punishment) Marriage or Cheque
Nominal damages - No real damages
Deterioration caused by delay

Damages Amount

1. Market Price - Contract Price
2. Duty to mitigate the loss - Cannot claim damages on account of ones own negligence
3. No compensation- Remote or indirect loss or damage

Remedies for breach of contract

1. Rescission of contract - discharge of promise
2. Claim Damages
3. Suit upon Quantum Meruit
4. Suit for specific performance
5. Suit for injunction

Suit upon Quantum Meruit
“as much as is earned” or “according to the quantity of work done”

Only by party who is not at fault

Cases where a claim or quatum meruit may arise:-
i) Work done, subsequently discovered void
ii) No intention of gratuitous
iii) Where contract is divisible

Few examples-

Specific Performance may be ordered by the court when :
(a) Damages are an adequate remedy
(b) Damages are not an adequate remedy
(c) Defaulting party is not ready to pay damages
(d) Contract is not voidable

In case of anticipatory breach, where the promisee elects to keep the contract alive, if during the time the contract remains open, some event happens discharging the promisor from his liability, the contract becomes :

(a) Voidable
(b) Illegal
(c) Contingent
(d) Void

The damages which are not natural and direct are known as :
(a) Penalty
(b) Liquidated damages
(c) Ordinary damages
(d) Remote damages

Generally, the following damages are not recoverable :
(a) Ordinary Damages
(b) Special Damages
(c) Remote Damages
(d) Nominal Damages


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