A contract gives rise to correlative rights and obligations. A right accruing to a party under a contract would be of no value if there were no remedy to enforce that right in a Law Court in the event of its infringement or breach of contract.
A remedy is the means given by the law for the enforcement of the right.
When a contract is broken, the injured party has one or more of the following remedies:-
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Damages are the monetary compensation given to the injured party by the Court for the loss or injury suffered by him by the breach of the contract.
The object of awarding damages for the breach of the contract is to put the injured party in the same position, so far as money can do it as if...
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