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.
Illinois has flip-flopped as to whether non-economic damages are allowable in medical malpractice cases. Non-economic damages include general damages for emotional distress, pain and suffering, and loss of companionship and consortium. In 1995, the Illinois legislature set a $500,000 cap on non-economic damages.