Philip Antwi
Breach of Contract
Business Law
Professor: Lalita Brockington
November 12, 2014 Define these terms on a one (1) page typed paper from the course book. A Breach is the failure to act or perform in the manner called for in the contract. An example is when a contract calls for performance, such as painting an owners home. the failure to paint or to paint or to paint properly is a breach of contract.
Specific Performance is defined as action brought to compel the adverse party to perform a contract on the theory that merely suing for damages for its breach will not be an adequate remedy, this usually comes about when there is a breach of contract.
Compensatory Damages is the sum of money that will compensate the injured party for the damages incurred as a result of the breach of contract. Compensatory damages are classified under two branches and they are direct and consequential or (special) damages.
Consequential Damages is a branch under compensatory damages, it’s sometimes called special damages since they result from a breach of contract and yet would not necessarily be incurred by every injured party experiencing that breach. Consequential damages do not necessarily flow from the type of breach of contract involved but happen to do so in a particular case as a result of the injured party’s particular circumstances. Consequential damages can only be recovered only if it was reasonably foreseeable to the defendant that the kind of loss in question could be
