Notes and Summaries for Mercantile Laws || 1

Remedies For Breach Of Contract

The  party  committing  breach  of contract is called the ‘guilt party’ and the other party is called the ‘injured’ or ‘aggrieved’ party.

A contract, being a fountainhead of a correlative set of rights and obligations for the parties, would be of no value, if there were no remedies to enforce the rights arising there under.