What is Remedy?
27/11/17 What is Remedy?
Remedy is the means by which the violation of a right is prevented, redressed, or compensated.
Remedies are of four kinds: (1) By act of the party injured, the principal of which are defense, recaption, distress, entry, abatement, and seizure; (2) by operation of law, as in the case of retainer and remitter; (3) by agreement between the parties, e. g., by accord and satisfaction and arbitration; and (4) by judicial remedy, e. g., action or suit.
Example: The usual remedy for a breach of contract is a money judgment, but an aggrieved party could ask a court to order specific performance of the terms of the agreement.