About This Chapter
How it works:
- Begin your assignment or other introductory business law work.
- Identify the breach of contract concepts that you're stuck on.
- Find fun videos on the topics you need to understand.
- Press play, watch and learn!
- Complete the quizzes to test your understanding.
- As needed, submit a question to one of our instructors for personalized support.
Who's it for?
This chapter of our introductory business law tutoring solution will benefit any student who is trying to learn breach of contract and earn better grades. This resource can help students including those who:
- Struggle with understanding contract enforcement, damages or any other breach of contract topic
- Have limited time for studying
- Want a cost effective way to supplement their business learning
- Prefer learning business visually
- Find themselves failing or close to failing their breach of contract unit
- Cope with ADD or ADHD
- Want to get ahead in introductory business law
- Don't have access to their business teacher outside of class
Why it works:
- Engaging Tutors: We make learning breach of contract simple and fun.
- Cost Efficient: For less than 20% of the cost of a private tutor, you'll have unlimited access 24/7.
- Consistent High Quality: Unlike a live business law tutor, these video lessons are thoroughly reviewed.
- Convenient: Imagine a tutor as portable as your laptop, tablet or smartphone. Learn breach of contract on the go!
- Learn at Your Pace: You can pause and rewatch lessons as often as you'd like, until you master the material.
- Learn the different types of contract breach: partial, material and total.
- Understand the circumstances of anticipatory repudiation and demand assurances.
- Describe the formula for expectation damages.
- Study specific performance, injunctions, restitution and reliance damages.
- Find out about duress and undue influence in contract enforcement.
- Learn the main types of contract mistakes and associated remedies.
- Examine unconscionability and statute of limitations.
1. Types of Contract Breach: Partial, Material, & Total
A contract is a form of agreement that is legally binding. When one of the contracting parties fails to hold up his or her end of the deal, a breach of contract results. There are three different types of breach of contract. This lesson explains partial, material and total breaches.
2. Circumstances of Contract Breach: Anticipatory Repudiation & Demand for Assurances
A contract is a form of agreement that is legally binding. Sometimes, a contracting party suspects that the other party will fail to uphold his or her end of the deal. In these cases, there are certain legal procedures a party can use to better secure the contract. This lesson explains anticipatory repudiation and demand for assurances.
3. Remedies for Breach of Contract: Formula for Expectation Damages
When a party breaches a contract, a court will often award damages to the other party. Expectation damages are a common form of legal remedy for a breach of contract. This lesson explains expectation damages, and the formula for calculating expectation damages.
4. Specific Performance and Injunctions: Remedies for Breach of Contract
When a party breaches a contract, a court will usually award money damages to the innocent party. But there are other types of remedies. Equitable remedies are different than monetary damages. This lesson explains specific performance and injunctions, which are equitable remedies.
5. Contract Breach Remedies: Reliance & Restitution
When a party breaches a contract, a court will often award damages to the other party. There are several different types of damages. The type of damages awarded will depend on the circumstances of the case. This lesson explains when reliance damages and restitution might be used.
6. Non-Recoverable Damages: Damages Due to Breach of Contract
A money damage award is the most common remedy for a breach of contract. However, there are several limitations on money damage awards. This lesson discusses items that aren't recoverable, or won't usually be included, in a damage award.
7. Liquidated Damages: Damages Due to Breach of Contract
When a breach of contract occurs, there are several different types of money damages that might be awarded to the innocent party. Liquidated damages are a predetermined form of money damage award. This lesson explains the use of liquidated damages.
8. Duress and Undue Influence in Contract Enforcement
Contracts must be entered into freely by both of the parties and include mutual assent. Sometimes mutual assent can be affected by coercion or pressure to enter the contract. Duress and undue influence are situations that affect mutual assent and make a contract void or voidable. This lesson explains duress and undue influence in contract formation.
9. Contract Enforcement: Misrepresentation & Fraud
A contract won't be enforced if it's based on fraud or misrepresentation. These are civil causes of action regarding the formation of a contract. Both of these causes of action involve a statement of facts that is untrue. This lesson explains fraud and misrepresentation in contract formation, and takes a look at a case example.
10. Defenses to Contract Enforcement: Mistakes
A valid and legally enforceable contract requires a meeting of the minds. Sometimes there isn't a meeting of the minds due to a mistake by one or both parties. This lesson explains the different types of contract mistakes, and the remedies available.
11. Defenses to Contract Enforcement: Unconscionability & Statute of Limitations
Sometimes a party has a defense to a contract. A contract defense is a valid and legal reason for why the contract can't be enforced. This lesson explains unconscionability and statute of limitations. These are both defenses to the enforcement of a contract.
12. Quantum Meruit: Definition & Theory
After you complete this lesson, you will understand what constitutes quantum meruit. You will also review the quantum meruit theory to be able to get a full picture of the theory.
Earning College Credit
Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.
To learn more, visit our Earning Credit Page
Transferring credit to the school of your choice
Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.
Other chapters within the Business Law: Tutoring Solution course
- History of American Law: Tutoring Solution
- Sources of Law: Tutoring Solution
- Constitutional Law: Tutoring Solution
- American Legal Systems: Tutoring Solution
- Legal Procedures: Tutoring Solution
- Contract Law Basics: Tutoring Solution
- Capacity in Contract Law: Tutoring Solution
- Contract Law and Third Party Beneficiaries: Tutoring Solution
- Contracts: Assignment and Delegation: Tutoring Solution
- Contracts: Statute of Frauds: Tutoring Solution
- Contracts: Scopes and Meanings: Tutoring Solution
- Contracts: Discharge of Contracts: Tutoring Solution
- The Legal Environment: Tutoring Solution
- Securities and Antitrust Law: Tutoring Solution
- Property Law: Tutoring Solution
- Employment and Labor Law: Tutoring Solution
- Creditors' Rights: Tutoring Solution
- Product Liability and Consumer Protection: Tutoring Solution
- International Business Law: Tutoring Solution
- Torts in Business Law: Tutoring Solution
- The Role of Agency in Business Law: Tutoring Solution
- Types of Business Organizations: Tutoring Solution
- Sales & the Law: Tutoring Solution