ACCA LW Eng Syllabus B. The Law Of Obligations - Analyse The Equitable Remedies For Breach Of Contract - Notes 4 / 4
Equitable Remedies
These are where the common law remedies aren't enough - they are based on fairness
Therefore, the claimant must also have been fair (innocent)
Types of Equitable Remedy
Specific Performance
This is the court ordering someone to complete their contractual obligations
It will to be made if:
Where minors are involvedCourt can't ensure the performance over a period of time
Where a contract is for personal service (for reasons above)
Injunction
This is enforcing a contract of NEGATIVE restraints.
So this means stopping people continuing to break their obligations (often personal service)
The case for this is Warner Bros v Nelson
Recission
This means putting the parties back to where they were BEFORE the contract
Four conditions must be met:
It must be possible to take parties back to their pre-contract conditions
This right to recession was made within a reasonable time
The contract hasn't been affirmed by 1 party
An innocent 3rd party isn't affected (ie they've now got the goods in the contract)