Damages that are generally equal to the difference between the value of the goods as warranted and the actual value of the goods accepted at the time and place of acceptance is known as ________.

Question

Quizplus · Accepted Answer

Compensatory damages are damages that are designed to compensate the injured party for the actual loss suffered, and in this case, the damages are equal to the difference between the value of the goods as warranted and the actual value of the goods accepted. Punitive damages are not appropriate in this context because they are designed to punish the defendant and deter future bad conduct, and incidental damages are costs incurred by the buyer as a result of the seller's breach, but they are not the main form of damages awarded. Future damages are damages that have not yet occurred at the time of trial and are speculative, and therefore irrelevant to this situation.

Damages That Are Generally Equal to the Difference Between the Value