Three remedies of breach of contract?

The most common remedy for a contract breach is damages, which is a substitutionary remedy and a remedy at law. Damages usually take the form of money paid by the obligor to the obligee to make the obligee whole, in consequence of the harm incurred as a result of the breach.

There are some situations where substitutionary remedies, that is, remedies at law, are legally inadequate or where the harm is otherwise irreparable. In such situations, equitable remedies may be sought. One example of an equitable remedy is specific performance, which is applied in the form of an order from the court ordering performance of the contract. An example is in the case of a contract for real property, since real property is conclusively presumed unique, and thus the only way to make the party against whom the breach is made whole is for that party to receive the benefit he has bargained for, in this case, the real property.