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Defination of Repudiatory breach

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Defination of Repudiatory breach

  • This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • April 1, 2017 at 8:50 am #379822
    humai
    Participant
    • Topics: 757
    • Replies: 248
    • ☆☆☆☆☆

    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?

    April 1, 2017 at 11:16 am #379829
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23303
    • ☆☆☆☆☆

    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?

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • The topic ‘Defination of Repudiatory breach’ is closed to new replies.

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