What is the difference between legal remedies and equitable remedies for breach of contract? Legal remedies are monetary while equitable remedies are non-monetary Equitable remedies are monetary, while legal remedies are non monetary Equitable remedies are only available in quasi-contract, while legal remedies are available in all other types of contracts Legal remedies must be applied by the courts, while equitable remedies can be written into the contract What is the result of a contract in which both parties are wrong about a material fact of the contract? The contract is voidable. The contract is vold X The contract is enforceable by both parties as both parties assumed the risk in making the contract. The contract must be nullified and renegotiated