Damages that are generally equal to the difference between the value of the goods as warranted and the actual value of the goods accepted at the time and place of acceptance are known as ________.
A) punitive damages
B) incidental damages
C) compensatory damages
D) future damages

Question

Quizplus · Accepted Answer

Compensatory damages are damages that are intended to compensate the plaintiff for losses suffered as a result of the defendant's actions. In the context of sales contracts, the damages for breach of warranty are generally equal to the difference between the value of the goods as warranted and the actual value of the goods accepted at the time and place of acceptance. This is meant to compensate the buyer for the difference between what they expected to receive based on the warranty and what they actually received. Punitive damages are intended to punish the defendant rather than compensate the plaintiff, incidental damages are a type of damages that arise as a direct result of the breach but are not direct losses of the buyer, and future damages relate to losses that have not yet occurred at the time of the trial.

Damages That Are Generally Equal to the Difference Between the Value