Termination of a contract and remedies for breach of contract. - SS2 Commerce Past Questions and Answers - page 1

All of the above

Damages

When the subject matter of the contract is destroyed

To require the breaching party to fulfill their contractual obligations

Cancelling the contract and returning parties to their pre-contractual positions

Damages are a monetary amount awarded to the innocent party to compensate for the loss or harm suffered due to the breach of contract. The goal is to place the injured party in the position they would have been in had the breach not occurred.

Restitution aims to restore any benefits or advantages that the innocent party may have conferred upon the breaching party. It involves returning any property, money, or services received under the contract.