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Remedies For Breach Of
Contract
Mercantile Law
REMEDIES FOR BREACH
The Latin maxim ‘Ubi jus, ibi remedium’
denotes ‘where there is a right, there is a
remedy’.
Mercantile Law: Remedies For 2
Breach Of Contract
REMEDIES FOR BREACH
A contract, being a fountainhead of a
correlative set of rights and obligations for
the parties, would be of no value, if there
were no remedies to enforce the rights
arising thereunder.
Mercantile Law: Remedies For 3
Breach Of Contract
REMEDIES FOR BREACH
The party committing breach of
contract is called the ‘guilt party’ and
the other party is called the ‘injured’ or
‘aggrieved’ party.
Mercantile Law: Remedies For 4
Breach Of Contract
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