Breach of Contract Remedies Tort Remedies
Breach of Contract Remedies Damages Specific Performance Rescission Compensatory damages and punitive damages may be awarded if a breach of contract claim is proven. First the compensatory damages definition will be presented. Next, a punitive damages definition will be provided. Compensatory Damages Definition Compensatory damages are paid with the intent to compensate the claimant for loss, injury or harm. Compensatory damages put the Plaintiff in the position they would have been in but for the Defendant's wrong. Punitive Damages Definition Punitive damages are also called "exemplary damages" and are awarded in addition to compensatory damages. Punitive damages are intended to to punish a wrongdoer who has acted willfully , maliciously or fraudulently. Tort Damages Nominal Damages Definition The nominal damages definition is also vital in the determination of monetary awards. Nominal damages are awarded ...