Damages Flashcards

1
Q

What are the types of damages under a breach of the sales contract

A
  1. Liquidated damages
  2. Compensatory damages
    - the dif. between the sales price & the market value at the time of the breach
  3. Reliance damages
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2
Q

Remedies for breach of contract

A
  1. Damages
  2. Specific performance
  3. Recession
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