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.
Failure to meet a time of performance provision of a contract is a breach of that contract, entitling the owner to its contract based remedy which in the presence of a liquidated damages clause is the application of liquidated damages.