First Principles of Business Law

Remedies for breach of contract
8. Words and phrases

 

 

Studying the law involves learning many new words and phrases. Read through the list below and check that you know what all these words and phrases mean.

Specific performance 

Injunctions

Damages

'Liquidated damages' and 'penalty clauses'

Direct (immediate) loss and consequential (remote) loss

Mitigation of loss

Termination of performance

 

You will find other words and phrases explained in the glossary in the First Principles of Business Law textbook.

 

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