Asked by Gurlivleen Singh on May 07, 2024
Verified
________ damages are designed to put the plaintiff in the position he or she would have been in had the contract been fully performed.
A) Equitable
B) Compensatory
C) Consequential
D) Nominal
E) Punitive
Compensatory Damages
Monetary awards given to a plaintiff to compensate for losses or injuries suffered as a result of the defendant's actions.
Plaintiff
The party who initiates a lawsuit in court seeking legal remedy from the defendant.
Contract
An agreement that is enforceable by law and involves two or more parties, making it legally binding.
- Gain insight into the significance and repercussions of contract infractions, distinguishing between material and immaterial breaches.
Verified Answer
JM
Jackson McLoughlinMay 08, 2024
Final Answer :
B
Explanation :
Compensatory damages are intended to compensate the plaintiff for actual losses, aiming to put them in the position they would have been in if the contract had been performed as agreed.
Learning Objectives
- Gain insight into the significance and repercussions of contract infractions, distinguishing between material and immaterial breaches.
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