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assessment of damages

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › assessment of damages

  • This topic has 1 reply, 2 voices, and was last updated 5 months ago by MikeLittle.
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    Posts
  • December 17, 2021 at 8:55 am #644454
    fizaali
    • Topics: 34
    • Replies: 21
    • ☆☆

    Could you please explain the assessment of damages on breach of contract in contract law?

    Secondly, what does limitation period mean by in contract law?

    The textbook says that basic contract has limitation period of 6 years while special contract has limitation period of 12 years.

    January 13, 2022 at 8:46 am #645813
    MikeLittle
    Keymaster
    • Topics: 26
    • Replies: 22564
    • ☆☆☆☆☆

    The course notes Chapter 4 pages 34 and 35 together with the related lectures explain the measurement and remoteness of damages to you

    Limitation period? Under the Statute of Limitations, actions for breach of contract must be brought within 6 years of the cause for action taking place ie in simple terms, from the date of the breach

    If the contract is a contract under seal, ie a specialty contract, action should be commenced within 12 years of the cause for action occurring

    OK?

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