Types of Damages and Equitable Remedies for Breach of Contract

Types of Damages and Equitable Remedies for Breach of Contract

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Interactive Video

Business, Social Studies

University

Hard

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The video tutorial discusses the types of damages and equitable remedies available in cases of contract breaches. It covers compensatory damages, including expectation and consequential damages, as well as liquidated and nominal damages. The video also touches on the rare use of punitive damages in contract law. Additionally, it explains equitable remedies such as specific performance, rescission, and contract reformation, which aim to ensure fairness between parties.

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OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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