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.
A breach of contract can be considered as either âmaterialâ or ânon-materialâ. A non-material breach is the less serious of the two. A non-material breach is one which pertains to a minor or ancillary detail of the contract.