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.
Rose v. Vulcan Materials Co., 282 N.C. 643, 668 (1973) (âThe measure of damages for breach of a contract of sale is generally the difference between the contract price and the market price of the goods at the time and place performance is due.â).