Asked by shamimi samsudin on Jun 02, 2024

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What is the purpose of the Code's remedies for breach of sales contracts?
How is this purpose accomplished?

Sales Contracts

Agreements between two parties where the seller agrees to deliver a product or service to a buyer for a specified price.

Remedies

The means by which a right is enforced or the violation of a right is compensated or prevented, often through legal action.

Breach

A breach is the violation or breaking of a law, obligation, or agreement, which can result in a legal dispute or action.

  • Understand the rationale behind the Code's remedies for breach of sales contracts and their implementation.
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Greeshma BaratamJun 09, 2024
Final Answer :
The purpose of the Code is to put the aggrieved party in a position as good as the one he would have been in had the other party fully performed. To accomplish this purpose, the Code has provided that the courts should liberally administer its remedies. Damages do not have to be "calculable with mathematical precision" but must be proved with "whatever definiteness and accuracy the facts permit." The purpose of remedies under the Code is compensation, so punitive damages are generally not available.