Ask Question
BusinessBusiness
10 May, 20:07

Compensatory damages replace what was lost because of what the breaching party did and for this reason are often said to make the person whole.

+2
Answers (1)
  1. 10 May, 20:24
    0
    True

    Explanation:

    Usually compensatory damages are assigned as a measure of the difference between the promised performance of a contract and the actual performance of the contract.

    For example, I sign a contract to buy a brand new Honda Civic but the dealer sends me a used car. I can sue the dealer for compensatory damages because he didn't perform correctly, but the court will not assign me $1 million, it will me assign the difference between the value of a new car and a used car plus some damages or costs incurred.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Compensatory damages replace what was lost because of what the breaching party did and for this reason are often said to make the person ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Ethan received his credit card statement in the mail and noticed an unfamiliar charge. He notified his bank immediately, and a month later the bank provided him with a copy of his signature previously authorizing the charge. What happens next? A.
Answers (1)
Global Technology's capital structure is as follows: Debt 50 % Preferred stock 35 Common equity 15 The aftertax cost of debt is 9.00 percent; the cost of preferred stock is 12.
Answers (1)
When a doctor prescribed a medication for you ask about the possible effects of the drug I'm driving because
Answers (1)
You want to create a $48,000 portfolio that consists of three stocks and has an expected return of 14.5 percent. currently, you own $16,700 of stock a and $24,200 of stock b. the expected return for stock a is 18.7 percent, and for stock b it is 11.
Answers (1)
What is an important step to take before entering your first data into your database? O A. Reporting O B. Querying O C. Planning O D. Sorting
Answers (1)
New Questions in Business
An oligopolistic market structure is distinguished by several characteristics, one of which is a difficult entry. Which of the following are other characteristics of this market structure? Check all that apply. a. Market control by many small firms.
Answers (1)
Who should you' alert that you are interviewing for jobs? A. Your references B. Other possible employers C. Your classmates D. Your present employer
Answers (1)
Common allocation bases are a. direct labor dollars, direct labor hours, and machine dollars b. machine dollars, direct labor dollars, and direct labor hours c. direct labor dollars, direct labor hours, and machine hours d.
Answers (1)
George and Weezy received $30,200 of Social Security benefits this year ($12,000 for George; $18,200 for Weezy). They also received $5,000 of interest from jointly owned City of Ranburne Bonds and dividend income.
Answers (1)
Which of the following is true regarding the high-tech industry today? a. It generally depends on a pool of low-skilled labor. b. It has led to the increased economic development of previously rural areas. c.
Answers (1)
Home » Business » Compensatory damages replace what was lost because of what the breaching party did and for this reason are often said to make the person whole.
Sign Up Forgot Password?