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.
When someone is provided with an express right to terminate and it can be used harshly then the court will not award damages for loss of bargain unless the contract clearly says so. Look at it in terms of causation: The loss of bargain was because of the termination, not a substantial breach.