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December 4, 2022

The two types of remedies available for breach of contract are monetary relief and equitable relief.

The two types of remedies available for breach of contract are monetary relief and equitable relief.

You enter into an agreement with someone to purchase a classic car for $10,000. It will require heavy restoration before it will be road-worthy. In preparation, you begin to purchase the necessary parts and tools, rent garage space, and take a day off of work to travel to the vehicle’s location to pick it up. When you arrive, the seller says they are selling it to someone else for $12,000.

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