Asked by jean michel chaplin on Apr 27, 2024
Verified
______damages are not awarded in a breach-of-contract action because they do not serve the purposes of contract law.
A) Punitive
B) Compensatory
C) Liquidated
D) Consequential
Punitive Damages
Monetary compensation awarded to an injured party that goes beyond what is necessary to compensate for losses and is intended to punish the wrongdoer.
Breach-Of-Contract
The failure to perform as stipulated by the terms of a contract, without lawful excuse.
Compensatory
Related to compensation, it often refers to damages awarded in a lawsuit that are meant to reimburse the plaintiff for actual losses or harms.
- Identify the role and implementation of liquidated and consequential damages when agreements are breached.
Verified Answer
Learning Objectives
- Identify the role and implementation of liquidated and consequential damages when agreements are breached.
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