Victim In A Breach Of Contract 11 07 2013 Compensatory Damages Damages to make the victim whole again this can be done in some ways Money Damages Money given in compensation to the victim Rescission When the Victim seeks a court order to officially terminate a contract Specific Performance When the victim seeks a court order requiring the breaching party to do what was specified in the contract Reformation Legal concept which means courts have authority to re write contracts when theirs a clear mistake Liquidated Damages An effort by the parties to agree on a measure of damages in advance of any breach Limitation Of Liability Clauses A waver of liability in the event of an incident These are generally enforceable except in some instances of gross negligence the part of the property owner
View Full Document
Unlocking...