When A Breach Of Contract Occurs The Innocent Injured Party Has A Duty To Mitigate The Damages? When no actual damage or financial loss results from a breach of contract and only a technical injury is involved, the court may award nominal damages to the innocent party. When a breach of contract occurs, the innocent
What Is Another Term For Consequential Damages? 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. … For example, consequential damages are a potential type of expectation damages which arise in contract
What Is The Difference Between Compensatory Damages And Consequential Damages? Compensatory damages, as the name implies, are intended to compensate a claimant for the actual loss, injury, or harm sustained. … The term “consequential damages” is meant to indicate that the damages sought are merely an indirect “consequence” of the defendant’s conduct. Are consequential damages
Which Damages Are Awarded To Punish The Defendant? Punitive damages are legal recompense that a defendant found guilty of committing a wrong or offense is ordered to pay on top of compensatory damages. They are awarded by a court of law not to compensate injured plaintiffs but to punish defendants whose conduct is considered grossly
Can You Sue For Consequential Damages? Can you sue for consequential damages? Consequential damages, also called special damages) are a form of remedy that can be claimed by the plaintiff against the defendant for the harm done as a consequence of the defendant’s actions. Are consequential damages enforceable? Whether consequential damages clauses may be enforceable