This is “Remedies”, chapter 16 from the book The Legal Environment and Foundations of Business Law (v. 1.0). For details on it (including licensing), click here.
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After reading this chapter, you should understand the following:
We come at last to the question of remedies. A valid agreement has been made, the promisor’s duties have not been discharged; he or she has breached the contract. When one party has failed to perform, what are the rights of the parties? Or when the contract has been avoided because of incapacity or misrepresentation and the like, what are the rights of the parties after disaffirmance? These questions form the focus of this chapter. Remedies for breach of contracts for the sale of goods will be considered separately, in (Reference mayer_1.0-ch18 not found in Book).