Asked by Diksha Panwar on May 05, 2024
Verified
Which of the following is true of consequential damages?
A) They result from a breach due to special circumstances that exist with a particular contract.
B) They are the sum of money equal to the real financial loss suffered by the injured party.
C) They cover any expenses paid out by the innocent party to prevent further loss.
D) They are awarded as a measure of punishment for the defendant's wrongful acts.
Consequential Damages
Refers to losses or injuries that do not flow directly and immediately from an act, but result indirectly from the act.
Breach
The act of violating a law, promise, agreement, or barrier.
Special Circumstances
Situations that are exceptional, and may require different treatment or exceptions to standard rules or policies.
- Recognize and contrast the multiple forms of legal redress and damages available to parties adversely affected by contract breaches.
Verified Answer
Learning Objectives
- Recognize and contrast the multiple forms of legal redress and damages available to parties adversely affected by contract breaches.
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