Asked by
Ahmed Hassan
on Nov 21, 2024
Verified
Michael's offer to put Ashton in the position she would have been in had the proper faucets and flooring been used is based on the measure used for what type of damages?
A) Nominal
B) Punitive
C) Compensatory
D) Liquidated
E) Consequential
Compensatory Damages
Money awarded to a plaintiff to reimburse for loss, injury, or harm suffered as a result of another's breach of duty or negligence.
Liquidated Damages
A clause in a contract that determines a fixed amount of compensation owed if one party fails to fulfill the contract's terms.
- Comprehend the principles underlying various categories of damages such as compensatory, punitive, nominal, liquidated, and consequential, and how they are applied in cases of contract breaches.
Verified Answer
JJ
Learning Objectives
- Comprehend the principles underlying various categories of damages such as compensatory, punitive, nominal, liquidated, and consequential, and how they are applied in cases of contract breaches.