The Mihalis Angelos 
- A charter party required that a ship should be ready by a particular date
- Could the contract be discharged for a repudiatory breach when the ship was not ready on time?
- Time being of the essence is important for certainty in contracts
- If a party already in breach of a contract accepts the other party’s breach, damages will account for the claimant’s breach too
Posted in Contract Law Revision Notes.
This page was last updated on 29th April 2014