Asked by Andrew Elmowitz on Jun 11, 2024
Verified
________ damages are awarded by a court when no actual damages resulted from the breach of a contract.
A) Compensatory
B) Punitive
C) Liquidated
D) Nominal
E) Consequential
Nominal Damages
Nominal Damages are a small sum awarded by a court when a legal wrong has occurred, but no significant actual loss was suffered by the plaintiff.
Compensatory Damages
Payments awarded to a plaintiff to compensate for harm, loss, or injury suffered due to another's wrongful act.
Liquidated Damages
A predetermined amount of money that must be paid as compensation for failure to fulfill a contract, serving as a penalty or deterrent against breach.
- Develop an understanding of the theory behind different categories of damages, including compensatory, punitive, nominal, liquidated, and consequential, specifically in the context of their application to breach of contract cases.
Verified Answer
Learning Objectives
- Develop an understanding of the theory behind different categories of damages, including compensatory, punitive, nominal, liquidated, and consequential, specifically in the context of their application to breach of contract cases.
Related questions
Gloria Contracts with Melody to Supply Her with the Latest ...
Bobby and Fredrick Specify in Their Contract That for Every ...
Valerie Contracted with Timothy to Sell Her Shares of Stock ...
Courts Usually Award Punitive Damages in Cases in Which the ...
Describe Compensatory, Incidental, Consequential, and Liquidated Damages for Breach of ...