If there is an increase in price of petrol, there would be a movement along the demand curve and a smaller quantity would be bought.
There are two general categories of damages that may be awarded if a breach of contract claim is proved. 1. Compensatory Damages. Compensatory damages (also called âactual damagesâ) cover the loss the nonbreaching party incurred as a result of the breach of contract.
Other damages for breach of a binding contract do exist, however. In some cases, the court will command specific performance. This means the defendant who breached the contract will be legally compelled by the court to fulfill his part of the bargain.