Asked by
Bharti Sharma
on Nov 30, 2024Verified
Contract damages that put the injured party in as good a position as if the other party had performed are:
A) compensatory damages.
B) incidental damages.
C) consequential damages.
D) liquidated damages.
Compensatory Damages
Compensatory damages are monetary awards to a plaintiff in a lawsuit, intended to compensate for actual losses or injuries incurred due to the defendant's actions.
Consequential Damages
A type of damages in a lawsuit that result not directly from the act but as a consequence of the initial act, often involving loss of profit or other indirect losses.
Liquidated Damages
Predetermined damages agreed upon by the parties in a contract to be paid if a specific breach occurs, as compensation not as a penalty.
- Discriminate among compensatory, punitive, liquidated, and nominal damages to determine their suitability in breaches of contract scenarios.
Verified Answer
WN
Learning Objectives
- Discriminate among compensatory, punitive, liquidated, and nominal damages to determine their suitability in breaches of contract scenarios.