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63 chapters · 804 sections in this title.
Va. Code Ann. § 59.1-508.4 Liquidation of damages
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(a) Damages for breach of contract by either party may be liquidated by agreement in an amount that is reasonable in light of: (1) the loss anticipated at the time of contracting; (2) the actual loss; or (3) the actual or anticipated difficulties of proving loss in the event of b…
Va. Code Ann. § 59.1-508.5 Limitation of actions
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(a) Except as otherwise provided in subsection (b), an action for breach of contract must be commenced within the later of four years after the right of action accrues or one year after the breach was or should have been discovered, but not later than five years after the right o…
Va. Code Ann. § 59.1-508.6 Remedies for fraud
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Remedies for material misrepresentation or fraud include all remedies available under this chapter for nonfraudulent breach of contract.
Va. Code Ann. § 59.1-508.7 Measurement of damages in general
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(a) Except as otherwise provided in the contract, an aggrieved party may not recover compensation for that part of a loss which could have been avoided by taking measures reasonable under the circumstances to avoid or reduce loss. The burden of establishing a failure of the aggri…