Asked by
Katrina Razon
on Dec 09, 2024Verified
______ is a nonmonetary award granted by the courts to a party of the contract who has suffered a loss due to the actions of another party.
A) Injunction
B) Specific performance
C) Compensatory damage
D) Breach of contract
Specific Performance
A nonmonetary award granted by the courts to a party of the contract who has suffered a loss due to the actions of another party.
Nonmonetary Award
Recognition given to employees or individuals that do not involve a direct financial reward, such as certificates, plaques, and verbal recognition, aimed at motivating and valuing contributions.
- Familiarize oneself with the essential factors and conditions for a contract to be legally binding, as well as the repercussions associated with the breach of said contract.
Verified Answer
RJ
Learning Objectives
- Familiarize oneself with the essential factors and conditions for a contract to be legally binding, as well as the repercussions associated with the breach of said contract.