Remedies for Breach of Sales and Lease Contracts

The video tutorial covers contracts for the sale and lease of goods, focusing on the obligations of parties and the exchange of goods for money. It explains liquidated damages clauses, actual and consequential damages, and the concept of the benefit of the bargain. The tutorial also discusses nominal damages, tortious interference, equitable remedies, and unjust enrichment, providing a comprehensive overview of remedies available for breach of contract.

What are the obligations of both parties in a contract for the sale or lease of goods?

Explain the concept of liquidated damages in a contract.

What are actual damages and how do they differ from consequential damages?

What is the significance of foreseeability in determining consequential damages?

Describe the circumstances under which a party may seek nominal damages.

In what situations might a court order specific performance as a remedy?

What is unjust enrichment and how can it be addressed in contract law?