Which of the following is a type of damage award that may be granted by a court as a remedy for breach of contract:
A) compensatory
B) expectancy
C) nominal
D) all of the other specific choices are correct
E) none of the other specific choices are correct

Question

Quizplus · Accepted Answer

Compensatory damages are awarded to cover the actual loss suffered by the non-breaching party as a result of the breach of contract. Expectancy damages are awarded to compensate for the loss of the benefits that the non-breaching party would have received if the contract had been fully performed. Nominal damages are symbolic damages awarded when there is a breach of contract but no actual loss has been suffered. Therefore, all three types of damages (compensatory, expectancy, and nominal) may be granted by a court as a remedy for breach of contract.

Which of the Following Is a Type of Damage Award