Remedies for breach of contract (Sections 73-75) provide compensation when parties fail to perform. Types of remedies: (1) Damages—monetary compensation for loss; (2) Specific Performance—court orders contract performance; (3) Injunction—court orders party to refrain from acting; (4) Rescission—contract cancelled, parties returned to original position. Damages types: Ordinary damages (natural consequence of breach, reasonably foreseeable); Special damages (unusual losses, must be specifically communicated); Liquidated damages (predetermined amount); Penalty (excessive amount, unenforceable). Mitigation duty: Injured party must take reasonable steps to minimize loss. Specific performance: Available when damages inadequate; not available for personal services or contracts requiring supervision. Case law: Hadley v. Baxendale establishes foreseeability principle for damages. Injunction: Prevents breach; common in non-compete/confidentiality matters. Rescission: Available for misrepresentation or breach, restores original position. For accountants, breach of engagement agreements may result in liability claims; understanding damages calculation critical. Exam tip: Identify breach type; apply appropriate remedy; calculate damages considering foreseeability and mitigation.