Which of the following is a type of damage that is awarded when no financial loss is suffered as a result of the breach quizlet?

What is the difference between incidental damages and consequential damages?

The difference between incidental and consequential damages is the cause of the expense or loss. Incidental damages are the direct result of one party's breach of contract. Consequential damages are more indirect, being incurred not as a result of the breach itself, but due to the end result of the breach.

What does it mean when nominal damages are awarded?

A trivial sum of money awarded to a plaintiff whose legal right has been technically violated but who has not established that they are entitled to compensatory damages because there was no accompanying loss or harm.

What kinds of damages will be awarded when there is no actual financial loss quizlet?

What are nominal damages? Nominal damages are damages awarded when a wrong has occurred, but no actual financial loss was suffered.

Which of the following types of damages are awarded to replace a loss such as lost wages?

What Are Compensatory Damages? Compensatory damages are money awarded to a plaintiff to compensate for damages, injury, or another incurred loss. Compensatory damages are awarded in civil court cases where loss has occurred as a result of the negligence or unlawful conduct of another party.

What are the types of compensatory damages quizlet?

The two types of compensatory damages that can arise out of an injury are special damages and general damages. Special damages are awarded to an injured party for tangible losses.

What damages can be awarded for breach of contract?

What are consequential damages in contract?

Consequential damages, otherwise known as special damages, are damages that can be proven to have occurred because of the failure of one party to meet a contractual obligation, a breach of contract.

What are the 3 types of damages?

What is compensatory and punitive damages?

Compensatory damages, like the name suggests, are intended to compensate the injured party for loss or injury. Punitive damages are awarded to punish a wrongdoer.

What are the 3 types of damages that can be awarded for winning a tort case?

There are three common types of damages awarded in a civil tort or wrongful death case: economic, non-economic and punitive (Harvard Law).

What is a liquidated damages claim?

A liquidated damages clause specifies a predetermined amount of money that must be paid as damages for failure to perform under a contract. The amount of the liquidated damages is supposed to be the parties' best estimate at the time they sign the contract of the damages that would be caused by a breach.

What is the difference between compensatory damages and consequential damages?

Compensatory damages compensate for the special loss suffered; consequential damages compensate for the foreseeable consequences of the breach; incidental damages compensate for the costs of keeping any more damages from occurring; nominal damages are awarded if the actual amount cannot be shown or there are no actual ...

What is an example of compensatory damages?

A compensatory damages example is if a negligent driver hit your 2008 Honda and totaled it; the compensatory damages should equal the market value of your 2008 Honda at the time of its demise, less any scrap or salvage value, and you could be entitled to the fair market value of the vehicle.

What is the difference between pecuniary and non pecuniary damages?

Pecuniary losses are losses that you can measure in money, usually by producing a receipt or a bill to show that you have paid an expense or will incur an expense or financial loss in the future. Non-pecuniary damages in a personal injury claim are those losses that cannot be measured precisely in money.

Which of the following is a type of damage award that may be granted by a court as a remedy for breach of contract quizlet?

Punitive damages are generally awarded in lawsuits for breach of contract. The enforceability of a liquidated damages clause normally requires a yes answer to the following two questions.

What are punitive damages quizlet?

What are punitive damages? Damages awarded that are intended to punish the defendant for conduct that is extreme and outrageous.

What is incidental damages quizlet?

Incidental damages are the direct result of one party's breach of contract. - not from special circumstances. Consequential damages are more indirect, being incurred not as a result of the breach itself, but due to the end result of the breach. They must be foreseeable in that they were communicated or known.

What treble damages mean?

Treble damages, by statute, permit the court to triple the amount of the actual or compensatory damages awarded to a prevailing plaintiff. When a plaintiff is awarded treble damages in California, the question is whether an insurance company is required to pay those damages.

What is the difference between nominal and punitive damages?

Nominal damages are damages in name only, a trifling sum awarded to recognize an infringement of rights without resulting substantial loss or injury. Punitive damages are a penalty used where a defendant's conduct has been particularly egregious, vindictive, or malicious; they are not compensation for injury.

What is meant by special damages?

DEFINITIONS1. money paid to an injured party in a legal case for financial losses such as loss of earnings, property damage and medical expenses.