Question

When one party breaches a contract, the other party can choose from one or more of several_____________ . Generally, a court will grant money, a remedy at___________ , unless money is not sufficient. If that is the case, the court will grant a remedy in____________ .

Answer 1

Answer:

The correct answer to fill in the spaces is: remedies, law, equity

Explanation:

The effects of the breach constitute objectified mechanisms of protection of the interest of the creditor, whose functionality fundamentally depends on the fact of the breach of the contract. These mechanisms are called remedies and correspond to the rights or actions available to the creditor in case of default for the realization of their interest. In the Common Law, the term general remedies is defined as those means by which a right is executed or its violation is avoided, compensated or compensated. And, in particular, remedies for noncompliance are those rights or powers conferred by law or contract to the party affected by the breach, the exercise of which depends on the breach of the other contracting party and the concurrence of its specific factual assumption.