Assume that one party to a contract does not complete her end of the agreement. The other person sues and is awarded money that is about equal to the damages sustained by the breach of contract. This money is known as

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Compensatory damages are monetary awards designed to compensate the non-breaching party for loss or injury caused by the breach of contract. In this case, the party who did not complete their end of the agreement is responsible for compensating the other party for damages incurred. Punitive damages are typically awarded to punish the breaching party for wrongful conduct, and standardized damages are predetermined amounts specified in the contract for certain breaches. Consideration refers to something of value exchanged between the parties in a contract, and breach damages is not a recognized legal term.

Assume That One Party to a Contract Does Not Complete