What is the concept of restitution in contract law?
In North Dakota, restitution is a concept in contract law which requires someone to pay back money or goods that they received (or were meant to receive) as a result of a contract. This payment is usually meant to return the parties to the positions they were in before the contract was made. Restitution is triggered when someone breaches the contract. This means when one of the parties does not fulfill their contractual obligations. Restitution can also be used as a remedy, meaning a form of recourse when someone has been wronged through a contract. Restitution can be in either form. In monetary form, it means the breaching party has to pay the non-breaching party a sum of money, the amount of which is determined by the contractual agreement. In non-monetary form, it means the breaching party must return the non-breaching party goods that had been transferred as part of the contract. When restitution is used as a remedy, it is meant to return the non-breaching party to the same position they were in before the contract was breached. This is done by forcing the breaching party to give back the goods or money they received from the contract. Overall, restitution in contract law in North Dakota is used to return the parties to their original positions when a contract is breached and as a form of recourse when someone has been wronged through a contract.
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