Contract Law - Remedies etc._pdf

Why is there a bme limit however there are some

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Unformatted text preview: the deposit would be forfeited unless the deposit is excessive. DEPOSITS •  (ii) Even if the contract does not expressly address the issue, if it can be established that the purpose for the deposit is to act as a guarantee for performance, then too the deposit would be forfeited unless the deposit is excessive. Ø།  On the other hand, if the purpose was solely to act as part payment (eg: the person geing the deposit had cash flow problems and needed the deposit to get started on the work), then generally the deposit would have to be returned, but innocent party can sue for actual losses. 1(B) InjuncBons •  In this context, an injuncBon is a court order requesBng the observance of a negaBve covenant in the contract. •  A negaBve covenant is...
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