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.
In making its decision, the court confirmed that a party pursuing a claim for breach of contract is able to claim damages in different ways: 'expectation damages' for loss of profits or 'reliance damages' for wasted expenditure.