Question

when there is a breach of a contract and damages, the difference between the value of the contract as it had been promised and the value of the performance which was actually given is a measurement of:

Answer 1

The difference between the value of the contract as it had been promised and the value of the performance which was actually given is a measurement of: loss of value

What is the meaning of breach of contract?

A breach of contract happens  when one party in a binding agreement fails to deliver according to the terms and condition  of the agreement. A breach of contract may  happen in either  a written or  an oral contract. The parties entered  in a breach of contract may resolve the issue among themselves, or in a court of law.

What is consequences and remedies of breach of contract?

There are many  types of damages to discuss under the breach of contract. Remedies for breach of contract  consist of  suit for damages, suit for specific performance, eliminate the contract, stop the other party from doing something.

Learn more about breach of contract:

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