BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When the only appropriate remedy for breach of contract is to order the breaching party to do exactly what was required under the contract, the remedy is termed the remedy of
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injunction
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specific performance
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mitigation
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waivers
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Explanation:
Detailed explanation-1: -When one of the parties to a contract does not fulfil his obligations, then the other party can rescind the contract and refuse the performance of his obligations. As per section 65 of the Indian Contract Act, the party that rescinds the contract must restore any benefits he got under the said agreement.
Detailed explanation-2: -if one party breaches the contract, then the other party need not oblige to the contract. The contract stands cancelled if the aggrieved party cancels it. The aggrieved party can file for the damages. Generally, the suit for the damages accompanies the cancellation of the contract by the aggrieved party.
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