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.
If the failure to perform of the other party isn't due to any fault by the non-breaching party, it is possible for the non-breaching party to sue the other party or parties in a breach of contract lawsuit to recover losses or the difference in value caused by the breach.