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Suppose the point (Q = 2,000,P = $60) is the midpoint on a certain downward-sloping,linear demand curve.Then
Substitute Purchases
Substitute Purchases refer to the buying of goods or services as a replacement for those which were part of a contract that was not fulfilled as agreed.
Incidental Damages
Secondary or additional expenses incurred by a non-breaching party to mitigate losses following a breach of contract.
Contract Price
The total agreed-upon amount that will be paid for the completion of contractual obligations.
Anticipatorily Breached
This refers to a situation in law where a party indicates, either through their actions or words, that they will not fulfill their contractual obligations before the performance is due.
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