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Ch 5: Contract Law Remedies
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privity:(of a contract). A rule that states that only the parties to a contract have rights and obligations under it, and can sue and be sued in relation to it.
nominal:................ damages. A very small amount awarded to an innocent party to symbolise the fact the court has found they were wronged.
rescission:A remedy that restores the parties to their pre-contractual position and, thus, nullifies the existing contract.
liquidated:................ damages. Where the parties have pre-determined a fixed sum for damages in the event of a breach of contract.
quantummeruit:Payment to the party of a contract for the reasonable value of services performed. (two words)
ordinary:................ damages. An amount that reflects the actual loss suffered as a result of a breach of contract.
damages:Monetary compensation for any loss suffered by the innocent party as a result of a breach of contract.
punitive:................ damages. Also called exemplary damages.
restitution:A remedy that provides monetary relief for any unjust gain the wrong doer has obtained.
injunction:A court order made to prevent someone from performing a specific act or to force someone to perform a specific act, to ensure that there is no breach of contract.
specificperformance:A remedy that requires the offending party to fulfil their contractual obligations when monetary compensation is not suitable (two words).
rectification:Where an agreement has been put in writing, a court can correct the document if the agreement has been recorded incorrectly.
mitigation:(of damages). A duty imposed on the innocent party to reduce the severity of losses.
Ch 5: Contract Law Remedies
Across:1. | A remedy that provides monetary relief for any unjust gain the wrong doer has obtained. | 3. | ................ damages. Also called exemplary damages. | 5. | (of a contract). A rule that states that only the parties to a contract have rights and obligations under it, and can sue and be sued in relation to it. | 6. | Monetary compensation for any loss suffered by the innocent party as a result of a breach of contract. | 7. | Where an agreement has been put in writing, a court can correct the document if the agreement has been recorded incorrectly. |
| 8. | ................ damages. Where the parties have pre-determined a fixed sum for damages in the event of a breach of contract. | 10. | ................ damages. An amount that reflects the actual loss suffered as a result of a breach of contract. | 12. | (of damages). A duty imposed on the innocent party to reduce the severity of losses. | 13. | A remedy that restores the parties to their pre-contractual position and, thus, nullifies the existing contract. |
| | Down:2. | A remedy that requires the offending party to fulfil their contractual obligations when monetary compensation is not suitable (two words). | 4. | ................ damages. A very small amount awarded to an innocent party to symbolise the fact the court has found they were wronged. |
| 9. | Payment to the party of a contract for the reasonable value of services performed. (two words) | 11. | A court order made to prevent someone from performing a specific act or to force someone to perform a specific act, to ensure that there is no breach of contract. |
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© 2013
PuzzleFast.com, Noncommercial Use Only
Ch 5: Contract Law Remedies
Across:1. | A remedy that provides monetary relief for any unjust gain the wrong doer has obtained. | 3. | ................ damages. Also called exemplary damages. | 5. | (of a contract). A rule that states that only the parties to a contract have rights and obligations under it, and can sue and be sued in relation to it. | 6. | Monetary compensation for any loss suffered by the innocent party as a result of a breach of contract. | 7. | Where an agreement has been put in writing, a court can correct the document if the agreement has been recorded incorrectly. |
| 8. | ................ damages. Where the parties have pre-determined a fixed sum for damages in the event of a breach of contract. | 10. | ................ damages. An amount that reflects the actual loss suffered as a result of a breach of contract. | 12. | (of damages). A duty imposed on the innocent party to reduce the severity of losses. | 13. | A remedy that restores the parties to their pre-contractual position and, thus, nullifies the existing contract. |
| | Down:2. | A remedy that requires the offending party to fulfil their contractual obligations when monetary compensation is not suitable (two words). | 4. | ................ damages. A very small amount awarded to an innocent party to symbolise the fact the court has found they were wronged. |
| 9. | Payment to the party of a contract for the reasonable value of services performed. (two words) | 11. | A court order made to prevent someone from performing a specific act or to force someone to perform a specific act, to ensure that there is no breach of contract. |
| |
© 2013
PuzzleFast.com, Noncommercial Use Only