Asked by Kaitlynn Whitworth on Jul 14, 2024
Verified
In contract law, damages compensate for harm suffered as a result of another's wrongful act, not for the loss of a bargain.
Damages
Compensation awarded by a court for loss or injury suffered due to another's fault or negligence.
Wrongful Act
An action that is illegal or immoral, potentially causing harm or damage to others.
- Gain insight into the concepts related to damages and remedies in the context of contract law.
Verified Answer
KK
Kalaivani KumarJul 15, 2024
Final Answer :
False
Explanation :
Damages in contract law primarily aim to compensate for the loss of a bargain, meaning they are intended to put the injured party in the position they would have been in had the contract been performed as agreed.
Learning Objectives
- Gain insight into the concepts related to damages and remedies in the context of contract law.
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