What are the remedies for breach of contract under Admiralty Law?

Under Admiralty Law in Washington, there are several remedies available when a contract is breached. These remedies are designed to correct the breach and provide compensation to injured parties. The first remedy is known as “specific performance” and requires the breaching party to comply with the original contract. This remedy is generally only available in cases where the contract involves unique and irreplaceable items. The second remedy is known as “restitution.” This remedy requires the breaching party to pay the non-breaching party an amount equal to the value of the contract’s performance. This is meant to put the non-breaching party back in the same position they would have been had the contract been performed. The third remedy is known as “rescission.” This remedy allows the injured party to end the contract and reclaim any payments they have made to the breaching party. Finally, the court can also award “damages” to the non-breaching party as a way to compensate them for the breach. This may include direct damages, consequential damages, and even punitive damages in certain cases. These remedies are available to those affected by a breach of contract under Admiralty Law in Washington and are designed to put injured parties back in the same position they would have been had the contract been performed.

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