________ are based on the opportunity cost of the next best alternative.

Question

Quizplus · Accepted Answer

Consequential damages are damages that are based on the opportunity cost of the next best alternative. This means that they are calculated based on what the injured party would have earned if the contract had been fulfilled, minus what they actually earned as a result of the breach. Consequential damages are also known as special damages. The other options listed - reliance damages, liquidated damages, and primary damages - are not based on the opportunity cost of the next best alternative.

________ Are Based on the Opportunity Cost of the Next