Contract Remedies
• Explain how compensatory damages and reliance
damages are computed.
• Define (1) nominal damages, (2) incidental damages,
(3) consequential damages, (4) foreseeability of
damages, (5) punitive damages, (6) liquidated
damages, and (7) mitigation of damages.
• Define the various types of equitable relief and
explain when the courts will grant such relief.
• Explain how restitutionary damages are computed
and identify the situations in which restitution is
available as a contractual remedy.
• Identify and explain the limitations on contractual
remedies
