Asked by Joleecia Gresham on May 08, 2024
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The ultimate goal of contractual remedies is the possibility or probability that a system providing compensation to punish the breaching party and award punitive damages.
Contractual Remedies
Legal means available to a party under a contract to enforce its rights or compensate for the other party's breach.
Punitive Damages
Monetary compensation awarded to a plaintiff, over and above actual damages, intended to punish the defendant and deter future similar acts.
Breaching Party
The individual or entity that violates the terms of a contract or legal agreement.
- Identify and understand the remedies available under the UCC for breaches of contract.
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Learning Objectives
- Identify and understand the remedies available under the UCC for breaches of contract.
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