Breach of Contract Remedies

Question 2

What is the purpose of damages in a breach of contract?

Answer 2

To put the innocent party in the position they would have been in if the contract had been performed properly.

Question 3

What are expectation/loss of bargain damages?

Answer 3

Damages designed to put the nonbreaching party in the position they would be in if the contract had been performed.

Question 4

What are reliance damages?

Answer 4

Damages that compensate the nonbreaching party for expenses incurred in reliance on the contract up to the time of the breach.

Question 5

What are nominal damages?

Answer 5

Damages awarded when no loss has occurred as a result of the breach, typically amounting to £1.