Under Contract Law,the General Purpose of Equitable Remedies Is to Provide

question 108

True/False

Under contract law,the general purpose of equitable remedies is to provide a fair remedy when the legal remedy of damages does not adequately compensate the non-breaching party.

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Definitions:

Unanticipated Shortage

An unexpected deficiency or lack of supply, often referring to situations where resources or items are not available in the needed amount.

Supply Item

A term for any single piece of inventory or material used in the operations or maintenance of a facility or system.

Inventory

A list of supplies used regularly and the quantities in stock.

Periodic Supply

A method of inventory resupply that occurs at regular, predetermined intervals.