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.
Consequential Damages are those damages (a) beyond the direct damages suffered by the non-breaching party, (b) that our reasonable, ordinary, and prudent stranger would not expect, (c) because consequential damages require a more intimate familiarity, not only with the contract itself, but also with: (i) what the non-breaching party has at stake in the contract, and (ii) what fall-out the non-breaching party will suffer if a breach occurs.