Part V

Exploring Remedies for Breach of Contract

In this part . . .

This part deals with remedies for breach of contract. The goal is to give the damaged party the expectancy — the financial equivalent of what the party reasonably expected to receive from the performance of the contract. Although that seems easy enough, the actual calculations sometimes become complex, and contract law places certain limitations on remedies according to the principles of causation, certainty, foreseeability, and mitigation.

The chapters in this part explain how the courts generally calculate damages in the common law and the UCC and then examine different remedies, including unwinding the contract through rescission, reforming the contract, and settling the dispute via alternative dispute resolution (ADR).