A small breach of contract damage amount fixed without regard to the amount of loss is known as:
A)reliance damages.
B)out-of-pocket damages.
C)nominal damages.
D)None of the above.

Question

Quizplus · Accepted Answer

Nominal damages are a small amount of money awarded as a token of the plaintiff's right to a legal remedy, even if there hasn't been any actual financial loss suffered. It is a symbolic award intended to recognize a breach of contract, but not necessarily to compensate for any loss or damage caused.

A Small Breach of Contract Damage Amount Fixed Without Regard