Case study on remedies of breach of contract

Short essay description
When a contract is breached, a series of remedies may become available, depending on the seriousness of the breach of contract. The parties can also agree to reduce, expand or change the remedies available for breach of contract with, for example:. When the defaulting party breaches the contract, the innocent party may have no intention of claiming damages, specific performance or any of the other remedies. Other than termination, the remedies for breach of contract are designed to give effect to the deal or transaction which were voluntarily agreed by the parties by entering the contract.
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Breach of Contract & Remedies 1 Breach of contract

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Remedies For Breach Of Contract Case Study - Words | Help Me

While there are many ways to breach a contract, common failures include failure to deliver goods or services, failure to fully complete the job, failure to pay on time, or providing inferior goods or services. In other words, a breach of contract is a broken promise to do or provide something. To explore this concept, consider the following breach of contract definition. Among the most common causes for lawsuits in the U. The law offers a variety of remedies for each such breach, designed to make the injured party whole.
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Breach of Contract

When a breach of contract occurs, there must be a remedy of damages. This is the payment in one form or the other for a breach of contract by the breaching party, to the non-breaching party. There are various kinds of remedies, which include; Compensatory damages, Punitive damages, and Liquidated damages. Introduction In certain circumstances, when plaintiff succeeds in establishing duty of care, breach of duty and resulting damage, defendant may attempt to shelter behind several defences to avoid liability. Contributory Negligence Defendant can raise defence of contributory negligence when plaintiff's injury was partly contributed by his own fault.
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Post a comment. When either of the parties breaches the contract, it gives the right to the other party to sue him for a remedy. In such case, he is absolved of all his obligations under the contract.
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