Asked by
Juanita Thomas
on Dec 18, 2024Verified
________ include lost profits so long as those damages are not too speculative in nature.
A) Punitive damages
B) Nominal damages
C) Remedial damages
D) Consequential damages
E) Compensatory damages
Consequential Damages
Compensation for losses that directly and foreseeably result from the breach of a contract or other wrongful act.
Lost Profits
Damages claimed in a lawsuit representing the profits one would have made but for another party's wrongful act.
Speculative
Involving a high risk of loss but also offering the potential for substantial gains, often based on future expectations rather than current realities.
- Identify the distinctions among consequential, incidental, and remedial damages and their application in circumstances involving breach of contract.
Verified Answer
WA
Learning Objectives
- Identify the distinctions among consequential, incidental, and remedial damages and their application in circumstances involving breach of contract.