Asked by
Jacqueline Lopez
on Nov 30, 2024Verified
If no performance is rendered at all under a contract, then the damages will be the loss of value of the promised performance.
Damages
Compensation claimed by or awarded to a party who has suffered loss, injury, or harm due to the actions or omissions of another.
Promised Performance
Refers to the expected fulfillment of a pledge or obligation specified in a contract.
- Familiarize yourself with the essential tenets and legal standards pertaining to remedies for failing to honor contractual agreements.
Verified Answer
SL
Learning Objectives
- Familiarize yourself with the essential tenets and legal standards pertaining to remedies for failing to honor contractual agreements.
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