Which of the following statements is the best description of 'nominal' damages?
A)An amount awarded where the innocent party's rights have been infringed but they have suffered no actual loss.
B)An amount awarded to compensate the innocent party for the loss suffered as a result of the breach of contract.
C)An amount awarded to punish the party in breach of the contract.
D)An amount based upon a genuine pre-estimate of actual loss flowing from the breach of contract.

Question

Quizplus · Accepted Answer

Nominal damages are awarded to the innocent party when their rights have been infringed, but they have suffered no actual loss or damage. It is a symbolic or token amount of compensation. It is usually awarded in cases where there is a technical breach of contract, but no actual loss has been suffered by the innocent party.

Which of the Following Statements Is the Best Description of 'Nominal