Asked by Delaney Jarrell on Jul 08, 2024
Verified
Damages that compensate the nonbreaching party to a contract for the loss of the bargain are called______ damages.
A) consequential
B) liquidated
C) punitive
D) compensatory
Compensatory Damages
Financial compensation awarded to a plaintiff to offset losses or injuries incurred due to the defendant's actions or negligence.
Nonbreaching Party
The party in a contract who has not violated the agreement terms.
- Comprehend the assorted types of damages and the corresponding remedies in contract law, including compensatory, consequential, and liquidated damages.
Verified Answer
BM
Bektilek MusaevJul 13, 2024
Final Answer :
D
Explanation :
Compensatory damages are intended to compensate the nonbreaching party for the loss of the bargain, essentially putting them in the position they would have been in had the breach not occurred.
Learning Objectives
- Comprehend the assorted types of damages and the corresponding remedies in contract law, including compensatory, consequential, and liquidated damages.
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