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.
Fraud during the performance of a contract, however, may not be actionable as the gist of your claim may be for breach of contract, not fraud, and thus you may only receive breach of contract damages, not those recoverable for fraud, such a punitive damages or attorney fees.