What are the equitable remedies if a contract is breached? Let's assume two parties agree that...

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What are the equitable remedies if a contract is breached? Let'sassume two parties agree that Party A will finish construction on ahome by September 1st. If he has only completed half by that date,has he substantially performed? What's the remedy if the courtdetermines there was a breach?

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A contract is an agreement that is usually between two parties Contracts typically outline the rules that each party must follow if a party fails to do what they said they would the other party may be entitled to compensation In some cases when a party breaks their promise known as breach of contract the damage done to the other party is minimal In these cases remedies may include specific performance contract rescission or contract modification However in other cases the damage can be extensive This means the breaching party may be ordered to pay a large sum of money known as damages to help bring the injured party back to where they were before the breach of contract Remedies available As mentioned equitable remedies require the ordered party to act or refrain from acting in some way The court could order Specific Performance which requires the breaching party to perform their part of the contract Contract Rescission which would cancel the contract See Answer

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