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What are Equitable remedies for breach of contract?

Explain the Equatable remedies for breach of contract.

Answers

Maurice
(i)Tracing
This refers to court's order that enables a party to follow and recover money or assets

(ii)Winding up
This is a legal process which brings a company to an end.

(iii) Appointment of a receiver
He/she is appointed by a debenture holder or a court to take over borrower's security

(iv) Account
This entails handing over of anything that was obtained in a manner inconsistent with the position of an agent.

(v) Specific performance
It is a court's order that compels one to perform his/her contractual obligations

(vi) Injunction
It is a court order that restrains one from doing a certain thing.

(vii) Rescission
It restores parties to the position they were before the contract
maurice.mutuku answered the question on December 30, 2016 at 09:55

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