Monetary damages are also referred to as equitable damages.

Monetary Damages

Compensation awarded in the form of money to a person who has suffered loss or injury because of the act or omission of another.

Equitable Damages

Compensation awarded by courts for losses or harm that cannot be quantified by monetary standards alone, seeking to restore the injured party to their original position.

Understand the rules that dictate the allocation of damages in cases of contract breach and the various forms of damages that can be awarded.

Verified Answer

Shanuj AgarwalJun 15, 2024

Final Answer :

False

Explanation :

Monetary damages are also referred to as legal damages,and they include compensatory,punitive,nominal,and liquidated damages.Whenever possible,courts award monetary damages rather than some form of equitable relief.

Learning Objectives

Understand the rules that dictate the allocation of damages in cases of contract breach and the various forms of damages that can be awarded.

Monetary damages are also referred to as equitable damages.

Definitions

Learning Objectives

Learning Objectives

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