ACCA F4 - Corp and Business Law (ENG)

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Part B The law of obligations  6: Breach of contract and remedies 103

Answers to Quick Quiz


1 (1) damages (2) common law (3) performed
(4) exceptional (5) defendant (6) claimant
(7) mitigate (8) penalty clause (9) void


2 (1) Treat the contract as discharged forthwith
(2) Allow the contract to continue until there is an actual breach


3 Expectation


4 False. Courts will enforce liquidated damages clauses if they are genuine.


5 (a) Common law
(b) Equity
(c) Common law
(d) Equity
(e) Equity


(^) Now try the questions below from the Practice Question Bank
Number
12, 13, 14

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