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Hello Sir Vijay…
Can you plz explain to me the amount of damages in a contract law that can be measured in how many ways? In other words, explain the Damages and Remedies in breach of contract?
I appreciate your time in advance. You always explained the BEST
- Topics: 44
- Replies: 26
- ☆☆
Hello Sir Vijay…
Can you plz explain to me the amount of damages in a contract law that can be measured in how many ways? In other words, explain the Damages and Remedies in breach of contract?
I appreciate your time in advance. You always explained the BEST
If your looking to ask the ACCA tuyor a question then you should post your question on the Ask ACCA Tutor forum!
Hi
So if there is a breach of contract, the claimant may be entitled to damages. Damages are compensation for losses suffered by the claimant.
So imagine you are a manufacturer of furniture and have entered into a contract to buy from me some wood which you plan to turn into furniture and sell to a customer. If for example I promise to supply to you by the 1st April but I do not supply to you in time which means you can not make the furniture and sell to your customer so you lose business from the customer worth £300, then you would try to recover the damage of £300 from me for breach of contract.
Does this help? Or did you have a more specific question?
I would also advise that you watch the lecture recordings.
Please also put your questions onto the “Ask your Tutor” forum https://opentuition.com/forum/acca-forums/acca-lw-corporate-and-business-law-forums/
Kind regards,
Vijay
- Topics: 44
- Replies: 26
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Sir, I needed specific Common Law & Other Common Law & Equity Law remedies for the damages in breach of contract?
I know few remedies by names such as remoteness of damages, measure of damages [where many other remedies are given under this title] & Quantum Meruit and many other which I am not really aware.
BUT I need to know all of them which is in the syllabus with their respective understanding. Please specify these things (I am self-study for this paper)
- Topics: 44
- Replies: 26
- ☆☆
Sir could you please tell me this as I asked u before
I needed specific Common Law & Other Common Law & Equity Law remedies for the damages in breach of contract?
I know few remedies by names such as remoteness of damages, measure of damages [where many other remedies are given under this title] & Quantum Meruit and many other which I am not really aware.
BUT I need to know all of them which is in the syllabus with their respective understanding. Please specify these things (I am self-study for this paper)
If you want the tutor specifically to answer your question please use the following forum-
https://opentuition.com/forum/ask-acca-tutor-forums/ask-the-tutor-acca-lw-exams/These student forums are primarily designed for students to help one another. The tutors do sometimes check these forums but not nearly as often as they check the ask the tutor forums. Hope this helps.
If you want the tutor specifically to answer your question please use the following forum-
https://opentuition.com/forum/ask-acca-tutor-forums/ask-the-tutor-acca-lw-exams/
These student forums are primarily designed for students to help one another. The tutors do sometimes check these forums but not nearly as often as they check the ask the tutor forums
You write ‘I know few remedies by names such as remoteness of damages, measure of damages [where many other remedies are given under this title] & Quantum Meruit and many other which I am not really aware.
These are NOT remedies! (Quantum meruit is, but the first two aren’t)
The remoteness and the measurement of damages are issues relating purely to … the calculation of the damages to be awarded
The course notes set out a list of remedies available for the Courts to award. If you need any deeper explanation beyond the course notes details, you should check out the relevant chaptyer in a study text. But Mike always used to say, and Vijay sings the same song, the extent of knowledge required is what is given in the notes and lectures
Those, together with endless hours of practice for questions from a revision kit, should be sufficient to help you secure a pass in the exam
But ask Vijay if you’re not convinced by this answer
Hope that helps
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