Contratos y EjecuciónPregunta 867 de 1605
Nominal damages are awarded when:
a.The contract required liquidated damages
b.A breach occurred but the injured party proves little or no actual monetary loss
c.A party suffers massive proven financial loss
d.Punitive damages are appropriate
Explicación
Nominal damages are a small, token sum (such as one dollar) awarded to recognize that a legal right was violated by a breach even though the injured party proved little or no actual monetary loss. They vindicate the right rather than compensate a substantial loss. They are unrelated to situations of large proven losses, to liquidated damages clauses, or to punitive damages, which serve punishment rather than mere recognition of a technical breach.
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Preguntas relacionadas de este tema
- Fraud in the inducement of a contract generally requires proof that a party:
- The remedy of 'restitution' in contract law is designed to:
- Consequential (special) damages in a breach case are damages that:
- A 'waiver' in the context of a contract generally refers to:
- A 'no oral modification' clause states that the contract may be changed only by a signed writing. Its practical purpose is to:
- 'Accord and satisfaction' discharges a disputed obligation when:
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Revisado por Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verificar)