Which of the following are types of remedies for breach of contract?

The selection of compensatory damages, specific performance, and rescission as types of remedies for breach of contract encompasses essential legal concepts that provide relief to the aggrieved party when a contract is not honored.

Compensatory damages serve to financially compensate the non-breaching party for losses incurred due to the breach. This could include actual losses and any additional costs that arose as a direct result of the breach, ensuring that the party is left in a position as close as possible to what they would have been had the contract been fulfilled.

Specific performance is another remedy, which is a court order requiring the breaching party to fulfill their contractual obligations. This is particularly significant in cases where monetary damages would be inadequate, such as in contracts involving unique items or property.

Rescission involves canceling the contract and returning the parties to their pre-contractual positions. This remedy is useful when the breach is so severe that it undermines the entirety of the agreement, allowing the non-breaching party to void the contract altogether.

The other options provided do not reflect recognized legal remedies for breach of contract. A suggestion of only damages limits the scope of available remedies, ignoring the broader options like specific performance and rescission. Verbal apologies and increased payment obligations