5 Important Remedies that are Available to an Aggrieved Party on the Breach of a Contract
Important remedies those are available to an aggrieved party on the breach of a contract are:1. Rescission of the Contract2. Claim for Specific Performance of the Contract ADVERTISEMENTS: 3. Claim for Injunction4. Claim for Quantum Merit, and5. Claim for Damages. 1. Rescission of the Contract: When there is breach of contract by one party, the other party may rescind the contract and thus, is absolved from all his obligations under the contract. Image Source: hawaiiesquire.com ADVERTISEMENTS: Example:X promises Y to supply him a scooter on 27th, and Y promises to pay its price on receipt of the scooter. X does not supply the scooter on 27th, Y is absolved from paying its price. Rules for Rescission: In this connection, there are two rules, viz,- ADVERTISEMENTS: (i) Sec. 65:When a party…