The Binding Effect of Contract and Remedies for Non-Performance in Particular to Sale Contract

Abstract

If there is some thing worth to give attention to asses whether the provisions of contract formed has binding effect up on parties as if they were law or not, it is to look in to remedies available for the aggrieved party in case of non-performance and evaluate their adequacy. If there is something worth to give attention to assess whether the provisions of contract lawfully formed has binding effect up on parties as if they user law or not, it is to look in to remedies available for the aggrieved party in case of non-performance and evaluate their adequacy. This will be done by looking in to the contractual remedies available under Ethiopian contractual law, the preconditions that the aggrieved party is required to met so as to demand those remedies in light of remedies available in other countries and the compensation goal of contract remedies