Which type of damages are monetary payments a party who breaches a contract is ordered to pay in order to compensate the injured party for the actual harm suffered due to the breach of contract?
A) specific damages
B) punitive damages
C) nominal damages
D) compensatory damages

Question

Quizplus · Accepted Answer

Compensatory damages are monetary payments that are awarded to the injured party in order to compensate for the actual harm caused by the breach of contract. This can include covering the cost of any repairs or replacements necessary, as well as any lost profits or other damages. Specific damages are damages that are awarded for a loss that can be easily quantified, while nominal damages are a small amount of damages awarded to recognize a breach but where there has not been any significant harm. Punitive damages are awarded in order to punish the party in breach, rather than to compensate the injured party.

Which Type of Damages Are Monetary Payments a Party Who