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Terminology Test! Try to match the following terms, which relate to breach of contract and contracts damages, without referring back to your text: K. v
Terminology Test! Try to match the following terms, which relate to breach of contract and contracts damages, without referring back to your text: K. v Punitive damages A. an indication that one party will fail to honour the contract before performance must be made E. v Breach of condition B. where damages for a breach of contract are determined in the agreement as a stated amount A. v Anticipatory breach C. a legal principle requiring that victims of a breach of contract make every reasonable effort to keep their losses to a minimum - Fundamental breach D. indication that a party will not recognize a contract as binding vLiquidated damages E. a breach that affects the very root or heart of the contract J. Exemption clause F. where the court corrects wording or a typographical error in an agreement C. v Mitigation of damages G. where a contract is brought to an end by an unforeseen event, which makes performance of the agreement impossible - Specific performance H. a court order to live up to, or comply with, the terms of a contract - Rectification I. failure to comply with a fundamental term of a contract that allows the "innocent" party to treat the contract as at an end Frustration J. a contractual term that attempts to limit or eliminate liability for damages for breach of contract Repudiation K. damages meant to punish a party for egregious behaviour, as opposed to those meant to compensate an "innocent" party
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