Which party retains any remedies for breach after canceling a contract?

The correct choice is the party that has not breached the contract. When a contract is canceled due to breach, the non-breaching party typically retains their remedies. Remedies may include the right to seek damages, specific performance, or other legal recourse, depending on the terms of the contract and the nature of the breach. This means that despite the cancellation of the contract, the non-breaching party can still pursue compensation or additional actions to mitigate their losses resulting from the breach.

In the context of contract law, remedies serve as a way to allow the injured party to rectify the situation or obtain some form of justice for not receiving the agreed-upon benefits of the contract. The parties who initiated the contract or third parties generally do not retain such remedies if they are not the ones suffering from a breach. Therefore, it's essential to recognize that the focus is on the non-breaching party's rights in situations involving contract breaches, highlighting their ability to seek out avenues for remedy even after a cancellation has occurred.