Damages For Breach Of Contract
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FAQ
As a general rule, the victim of a breach of contract is entitled to recover compensatory damages. This means the amount of money that would put the victim in the financial position he or she would have occupied had the contract not been breached. There are two rules for measuring compensatory damages.
The main types of damages are compensatory, liquidation, punitive, nominal, and ordinary damages.
The damages are measured by the difference between the contract price and the market price when the seller provides the goods, or when the buyer learns of the breach.
The basic breach of contract elements require you to prove:There was a valid contract;You performed your part of the contract;The defendant failed to perform their part of the contract; and.You sustained damages caused by the defendant's breach.
The damages are measured by the difference between the contract price and the market price when the seller provides the goods, or when the buyer learns of the breach.
