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.
Non-performance of a contract is to be distinguished from breach of contract in the common law sense. By a breach of contract is meant a non-performance which is not excused, e.g. under the rules as to frustration.