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43-15-104 - Contracts are binding, irrevocable, and enforceable Damages for breach.

43-15-104. Contracts are binding, irrevocable, and enforceable Damages for breach.

Every such contract shall be binding and irrevocable by either party, and may be specifically enforced in equity; or, if breached by either party, the injured party may bring suit for damages at law, if the party elects to do so.

[Acts 1907, ch. 155, § 4; Shan., § 3193a7; Code 1932, § 7810; T.C.A. (orig. ed.), § 43-1704.]  

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