Nonbreaching parties can bring lawsuits against breaching parties for nominal damages even though no financial loss has resulted from the breach.

Question

Quizplus · Accepted Answer

Nominal damages are a small amount of money awarded to a nonbreaching party to recognize and enforce a legal right, even though no actual harm or financial loss has been suffered. Therefore, nonbreaching parties can bring lawsuits for nominal damages against breaching parties, and this remedy is available even when the nonbreaching party has not sustained any measurable financial harm.

Nonbreaching Parties Can Bring Lawsuits Against Breaching Parties for Nominal