Asked by
Mazon White
on Nov 30, 2024
Verified
To fully compensate a plaintiff for losses suffered for a breach of contract, punitive damages are always awarded.
Punitive Damages
Financial compensation awarded to a plaintiff, over and beyond the actual damages incurred, to punish the defendant for egregious or malicious conduct.
Plaintiff
An individual or entity that brings a lawsuit against another in a court of law.
Breach of Contract
The failure of one party to fulfill the terms of a contract without lawful excuse.
- Distinguish between compensatory, punitive, liquidated, and nominal damages and their applicability in contract breaches.
Verified Answer
KH
Learning Objectives
- Distinguish between compensatory, punitive, liquidated, and nominal damages and their applicability in contract breaches.