What Is The Difference Between A Legal Remedy And An Equitable Remedy?

What are the two types of remedies?

There are two general categories of remedies—legal and equitable.

In the category of legal remedies are damagesMoney paid by one party to another to satisfy a liability..

Damages are money paid by one party to another; there are several types of damages..

What is injunctive or equitable relief?

Injunctive relief is a form of equitable relief. Generally speaking, equitable relief is when a court issues any form of relief other than monetary damages. Injunctive relief is a form of equitable relief where a court orders a party to do…

What are the equitable remedies for breach of contract?

The most frequent equitable remedies available for breach of contract are contract reformation, specific performance of a contract, and rescission of a contract.

What are the 3 types of damages?

There are 3 types of damages that you can pursue after being injured in an accident. There are 3 types of damages in personal injury claims: economic damages, noneconomic damages, and punitive damages.

What is general damage?

General damages are intangible, non-monetary losses that do not have an exact dollar amount. There are several types of general damages: Pain and suffering. Mental anguish. Lower quality of life.

What is an example of an equitable remedy?

The equitable remedies are specific performance (an order directing a person to deliver to the buyer the unique thing the seller contracted to sell), injunction (an order directing a person to stop doing that which he should not do), and restitution (the return by one party of the benefit conferred on him when the …

What is equitable relief in law?

Equitable relief is granted by a court requiring one party to either act or refrain from taking an action. … A common form of equitable relief is the canceling of a contract, which ends all terms and obligations, allowing both parties to return to their pre-contract status.

What are the two types of equitable remedy?

There are two main categories of equitable remedies: Injunctions and Specific Performance.

Legal remedyPunitive damages.Incidental damages.Consequential damages.Liquidated damages.Reliance damages.Statutory damages.Treble damages.

What are remedies in law?

A remedy is a form of court enforcement of a legal right resulting from a successful civil lawsuit. … Coercive remedies – requiring a party to do or omit doing a specific act through injunctive relief or a court order of specific performance (a court mandates that the party fulfill contractual obligations.

What type of damages can you sue for?

There are six different types of damages: compensatory, incidental, consequential, nominal, liquidated, and (sometimes) punitive.Compensatory Damages. … Incidental Damages. … Consequential Damages. … Nominal Damages. … Liquidated Damages. … Punitive Damages.