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business law bk$1$

manegirial fin

If A agrees to sell B a sofa for $$5000$ and then refuses to go ahead with the sale, the measure of damages would be the difference between the original contract price and the price $B$ has to pay to $g$ an equivalent sofa from someone else.

Question $18$

What are the remedies available for breach of contract? Which of the following is correct?

A court will always award damages for breach of a contract, there is usually no means by which other remedies can be awarded since courts are reluctant to give unusual remedies for breach.

The main remedy for breach of a contract is for a court order demanding that the party breaching the contract actually fix the breach within a reasonable period of time.

There are a variety of remedies available to a party suffering a breach, this includes orders for specific performance, injunction or damages, or even restitution of property.

Courts prefer to make an order for specific performance when a breach occurs, this then allows the contract to be completed.