Remedies for breach_of_contract-10

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Remedies for breach_of_contract-10

  1. 1. REMEDIES FOR BREACH OF CONTRACT WHERE THERE IS A RIGHT, THERE IS A REMEDY.
  2. 2. Rescission
  3. 3. Damages Ordinary damages Special damages Vindictive or exemplary damages Nominal damages Damages for loss of reputation Damages for inconvenience and discomfort Mitigation of damages
  4. 4. Damages Difficulty of assessment Cost of decree Damages agreed upon in advance in case of breach Liquidated damages and penalty
  5. 5. Payment of interest1. Payment of interest in case of default.2. Payment of interest at higher rate-  From the date of bond.  From the date of default.1. Payment of compound interest on default-  At the same rate as simple interest  At the rate higher than simple interest.1. Payment of interest at a lower rate, if interest paid on due date
  6. 6.  Quantum Meruit Specific Performance Injunction Rectification or cancellation

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