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Jun 27, 2023 · Damages: The non-breaching party can claim compensatory damages to recover the losses suffered as a result of the breach. This may include actual damages, consequential damages, or liquidated damages specified in the contract.
Jan 13, 2024 · The injured party has the following remedies in case of breaches of obligations: 1) Fulfillment of the obligation; 2) Rescicission of obligation; or 3) In addition to Nos. 1 and 2, damages.
On June 15, 1999, petitioner FAJ Construction and Development Corporation and respondent Susan M. Saulog entered into an Agreement 6 (construction agreement) for the construction of a residential building in San Lorenzo Village, Makati City for a contract price of P12,500,000.00.
Article 1170 of the Civil Code states that those guilty of fraud, delay, or negligence, in the performance of their obligations, or those who, in any way, contravene the tenor of their obligations can be held liable for damages.
Under Article 2226 of the Civil Code, liquidated damages are those agreed upon by the parties to a contract, to be paid in case of breach thereof. the parties to a contract are allowed to stipulate on liquidated damages to be paid in case of breach.
The appellate court ruled that the facts and circumstances in this case clearly showed the existence of an alternative obligation. 23 It also ruled that Dan T. Lim was entitled to damages and attorney’s fees due to the bad faith exhibited by Arco Pulp and Paper in not honoring its undertaking. 24.
Breach of contract may give rise to an action for specific performance or rescission of contract. 1 It may also be the cause of action in a complaint for damages filed pursuant to Art. 1170 of the Civil Code. 2 In the specific performance and rescission of contract cases, the subject matter is incapable of pecuniary estimation, hence jurisdictio...
