________ damages are awarded when the nonbreaching party sues the breaching party even though no financial loss has resulted from the breach.
A) Consequential
B) Compensatory
C) Nominal
D) Liquidated

Question

Quizplus · Accepted Answer

Nominal damages are awarded when there has been a breach of contract, but the nonbreaching party has not suffered any actual financial loss. The purpose of nominal damages is to recognize that a legal right has been violated, even if there is no significant loss.

________ Damages Are Awarded When the Nonbreaching Party Sues the Breaching