What are the 4 types of damages available for breach of contract?

• Compensatory Damages. Compensatory damages (or “actual damages”) are specifically meant to make up for the plaintiff's losses. ...
• Punitive Damages. ...
• Liquidation Damages. ...
• Nominal Damages.

• There was a valid contract;
• You performed your part of the contract;
• The defendant failed to perform their part of the contract; and.
• You sustained damages caused by the defendant's breach.

What are the 6 types of damages?

There are six different types of damages: compensatory, incidental, consequential, nominal, liquidated, and (sometimes) punitive.

What are the 3 types of damages?

What are types of breach of contract?

What are the types of breach?

What are the five remedies for breach of contract?

What are the 3 types of compensatory damages?

The three types of damages are economic damages, non-economic damages, and punitive damages.

How many types of damages are there?

There are four types of damages which can be claimed by the aggrieved party. Ordinary Damages or General Damages. Exemplary or Vindictive Damages. Nominal Damages.

What are two types of breach of contract damages?

Generally, there are two types of damages: compensatory and punitive. (The term "damages" typically includes both categories, but the term, "actual damages" is synonymous with compensatory damages, and excludes punitive damages.)

What do you mean by damages for breach of contract?

However, in a common general sense, damages mean an award in terms of money to be paid by the breaching party to the injured party as compensation for the loss that it suffered on account of the breaching party's default of the terms and conditions of the contract.

Which damages are not recoverable for breach of contract?

Direct damages are the easiest to foresee. For this reason, special damages are not usually recoverable. Special damages are meant to compensate the innocent party for injury or loss that is indirectly related to the breach. Even special damages must be foreseeable to be recoverable.

What are examples of general damages?

What are the 6 types of contracts?

What types of damages are recoverable?

Compensatory Damages. The first type of recoverable losses is called “compensatory damages.” Payment that falls under this category is compensation for the plaintiff's losses and injuries sustained as a result of the accident.

What three 3 Things Must a court consider in reviewing punitive damages?

To ensure that unconstitutional punishment is not imposed in the form of punitive damages, the Court has set forth three "guideposts" for courts to consider in reviewing punitive damages awards: "(1) the degree of reprehensibility of the defendant's misconduct; (2) the disparity between the actual or potential harm ...

What are actual damages in contract law?

Overview. In tort law, actual damages is a type of damages which refers to compensation awarded by a court in response to a loss suffered by a party.

What are the four types of contracts?

What are substantial damages?

Substantial damages are awarded as a means to compensate a plaintiff where they have suffered an actual loss. Substantial damages can be either general or special.

What are damages and its types?

General damages refer to those damages which arose naturally during the normal course of the events. Special damages are those that do not, of course, arise from the breach of the defendant and can only be recovered if they were in the reasonable consideration of the parties at the time they made the contract.

What are some examples of compensatory damages?

For example, if the plaintiff was badly frightened and suffered nightmares, increased blood pressure, or other anxiety related symptoms which prevented him from working or fully enjoying his life, he could seek damages for "emotional distress." If any of his property was damaged, compensatory damages could also include ...

What do punitive damages mean?

Punitive damages are awarded in addition to actual damages in certain circumstances. Punitive damages are considered punishment and are typically awarded at the court's discretion when the defendant's behavior is found to be especially harmful.