REMEDIES FOR BREACH REMEDIES FOR BREACH OF CONTRACTOF CONTRACT

WHERE THERE IS A RIGHT, WHERE THERE IS A RIGHT, THERE IS A REMEDY.THERE IS A REMEDY.

RescissionRescission

DamagesDamages

Ordinary damagesOrdinary damages Special damagesSpecial damages Vindictive or exemplary damagesVindictive or exemplary damages Nominal damagesNominal damages Damages for loss of reputationDamages for loss of reputation Damages for inconvenience and discomfortDamages for inconvenience and discomfort Mitigation of damagesMitigation of damages

DamagesDamages

Difficulty of assessmentDifficulty of assessment Cost of decreeCost of decree Damages agreed upon in advance in case of Damages agreed upon in advance in case of

breachbreach Liquidated damages and penaltyLiquidated damages and penalty

Payment of interestPayment of interest

1.1. Payment of interest in case of default.Payment of interest in case of default.2.2. Payment of interest at higher rate- Payment of interest at higher rate-

From the date of bond.From the date of bond. From the date of default.From the date of default.

3.3. Payment of compound interest on default-Payment of compound interest on default- At the same rate as simple interestAt the same rate as simple interest At the rate higher than simple interest.At the rate higher than simple interest.

4.4. Payment of interest at a lower rate, if interest paid Payment of interest at a lower rate, if interest paid on due dateon due date

Quantum MeruitQuantum Meruit

Specific PerformanceSpecific Performance

InjunctionInjunction

Rectification or cancellation Rectification or cancellation