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.
Remedies for Breach of Contract -- Damages. If the agreement does not meet the legal requirements to be considered a valid contract, the âcontractual agreementâ will not be enforced by the law, and the breaching party will not need to indemnify the non-breaching party.