Asked by Darien-Jade Handy on Jun 03, 2024
Verified
The relief provided for an innocent party when the other party has breached a contract is called a(n)
A) payment.
B) remedy.
C) compensation.
D) award.
Remedy
A means of legal reparation, which can include monetary compensation, restorative justice, or specific performance in order to resolve a breach of the law.
Breached a Contract
The failure to perform any term of a contract, written or verbal, without a legitimate legal excuse, which may result in legal action against the party in breach.
- Understand the different kinds of damages and remedies provided in contract law, encompassing compensatory, consequential, and liquidated damages.
Verified Answer
ZK
Zybrea KnightJun 07, 2024
Final Answer :
B
Explanation :
Remedies are the legal means through which a court enforces a right, imposes a penalty, or makes another court order to impose its will. In the context of a breach of contract, a remedy is the relief provided to the innocent party.
Learning Objectives
- Understand the different kinds of damages and remedies provided in contract law, encompassing compensatory, consequential, and liquidated damages.
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