- This topic has 1 reply, 2 voices, and was last updated 7 years ago by .
Viewing 2 posts - 1 through 2 (of 2 total)
Viewing 2 posts - 1 through 2 (of 2 total)
- The topic ‘Defination of Repudiatory breach’ is closed to new replies.
OpenTuition recommends the new interactive BPP books for June 2024 exams, Get your discount code >>
Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Defination of Repudiatory breach
Hello,
Sir in Bpp book the definition of repudiatory breach is ” breach of condition in contract or other repudiatory breach allows injured party to terminate the contract unless injured party elects to treat the contract as continuing and merely claim damages to their loss”
So my question is that
1) if injured party terminates the contact , then would injured party be able to claim damages?
2) if injured party elects to continue/affirm the contract , then would injured party be able to claim damages?
1) Yes – because they are the injured party and are thus entitled to compensation
2) Yes, that’s what you have written!
The rights of the injured party are that they may treat the contract as finished and claim damages, or …
… they can elect to continue with the contract, and claim damages
OK now?