Asked by

Juanita Thomas
on Dec 18, 2024

verifed

Verified

________ include lost profits so long as those damages are not too speculative in nature.

A) Punitive damages
B) Nominal damages
C) Remedial damages
D) Consequential damages
E) Compensatory damages

Consequential Damages

Compensation for losses that directly and foreseeably result from the breach of a contract or other wrongful act.

Lost Profits

Damages claimed in a lawsuit representing the profits one would have made but for another party's wrongful act.

Speculative

Involving a high risk of loss but also offering the potential for substantial gains, often based on future expectations rather than current realities.

  • Identify the distinctions among consequential, incidental, and remedial damages and their application in circumstances involving breach of contract.
verifed

Verified Answer

WA
Wahad AltaeeDec 25, 2024
Final Answer:
Get Full Answer