Asked by Joleecia Gresham on May 08, 2024

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The ultimate goal of contractual remedies is the possibility or probability that a system providing compensation to punish the breaching party and award punitive damages.

Contractual Remedies

Legal means available to a party under a contract to enforce its rights or compensate for the other party's breach.

Punitive Damages

Monetary compensation awarded to a plaintiff, over and above actual damages, intended to punish the defendant and deter future similar acts.

Breaching Party

The individual or entity that violates the terms of a contract or legal agreement.

  • Identify and understand the remedies available under the UCC for breaches of contract.
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Verified Answer

YW
yonatan wogayehuMay 14, 2024
Final Answer :
False
Explanation :
The ultimate goal of contractual remedies is to put the non-breaching party in the position they would have been in had the breach not occurred, focusing on compensation rather than punishment.