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Tennessee Breach of Contract laws

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Tennessee Breach of Contract laws
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Tennessee Breach of Contract laws

Breach of contracts in Tennessee refers to failed contractual promises forming part of legally enforceable agreements.

  • There are two kinds of damages recognized by Tennessee courts arising from breach of contract: expectation damages and reliance damages.
  • Expectation damages will reinstate the aggrieved party in the same position as it was before the contract.
  • Reliance damages most probably lead to monetary compensation equal to or less than the amount of loss incurred.
  • Expectation damages are most preferred since they are easy to seek for and are sure of being rewarded.
  • In the case of a bankrupt contractor getting financial reimbursement will take a long time, which may not be desirable in all cases.

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