Breach of Contract: Legal Ramifications and Remedies Unveiled in Study
The article explores the basis of claiming damages for breach of contract. When parties don't fulfill their contract obligations, the injured party can seek compensation. The law values consensus, reliance, freedom of contract, good faith, and privity of contract. Breach of contract can occur even without intentional wrongdoing. Unlike in delict, fault is not always necessary for liability in contract breaches. The injured party deserves redress based on the broken trust and reliance from the contract. Privity of contract limits rights and duties to the contracting parties. The article delves into historical and comparative analyses to understand the nature of claiming damages for breach of contract.