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Contract law is a very complicated area of law. The answer depends on the contract, the circumstances of the breach and state laws. Remedies can include compensatory damages, consequential damages, punitive damages and a court order that requires performance exactly as outlined in the contract. You can read more about it at the related link.
Wiki User
∙ 11y ago
Wiki User
∙ 14y agoA civil suit to force compliance with the provisions of the contract and/or the award of monetary (or other) damages to compensate for whatever loss has been suffered by the aggrieved party.
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When are remedies applied in business law?
Remedies of quasi-contract, constructive trust, equitable lien, and reformation must be applied to redress enrichment secured by tort, part performance of contract, duress, or mistake.
Impossibility of performance is as a rule not an excuse for non performance of contract?
If one party has broken his obligation, it will normally be no defence to him that the breach was not his fault. He has promised to perform his contract, and he will be liable if he doesn't. Only if some outside cause makes performance physically, legally or commercially impossible, he will have an excuse for non-performance.
What are the similarities of breach of contract and frustration of contract?
Frustration is when something happens that makes it impossible to perform the contract or makes it so that performance of the contract would undermine the purpose of the contract, whereas breach is caused by a non-performance under the contract.
What are the remedies of buyers and sellers in a contract of sale?
there are two general remedies to an unpaid seller which include; Real remedies and Personal remedies.
How do you evaluate performance in a contract?
performance under a contract must be exactly as it was outlined in the contract
Why contract necessary for business?
because of remedies
What could be the consequences of breaking a contract with a data center?
Unless the contract for services stipulates a particular penalty for non-performance, then it is impossible to speculate on the possible consequences.
What is the equitable remedy of Specific Performance?
Yes, and restitution. Many remedies are available for breach contract.
What can you do if your contractor abandons his contract?
Not too much alternative but to sue him for non-performance. Depending upon the value of the non-fulfilled contract you may have to file suit in regular Civil Court or in Small Claims Court.
How do remedies at law differ from remedies in equity)?
Remedies at law are typically monetary compensations awarded by a court whereas remedies in equity are non-monetary remedies such as injunctions, specific performance, or rescission. Remedies at law focus on providing monetary relief for damages caused, while remedies in equity seek to enforce fairness and remedies beyond mere money damages. In some legal systems, there is a distinction between the two types of remedies, with historical roots in English common law.
When a person is a minor is the missing element to a valid contract called offer and acceptance?
No. A contract with a minor by definition is characterized by offer, acceptance and consideration. Minority is an affirmative defense to liability for non-performance of the contract.
What agreements are contract?
A contract is a legally enforceable agreementbetween two or more parties with mutual obligations. The remedy at law for breach of contract is "damages" or monetary compensation. In equity, the remedy can be specific performance of the contract or an injunction. Both remedies award the damaged party the "benefit of the bargain" or expectation damages, which are greater than mere reliance damages, as in promissory estoppel.
