Business Law: Breaking The Deal - Remedies

The video tutorial covers remedies for breach of contract, focusing on legal remedies such as monetary damages and specific performance. It explains compensatory and consequential damages, and when specific performance is applicable. The tutorial also discusses third-party rights in contracts, including assignment of contract rights and intended beneficiaries.

What are the two exceptions to the privity of contract that allow third parties to be involved?

How does the assignment of contract rights work? Provide an example.

Differentiate between intended beneficiaries and incidental beneficiaries in contract law.