How do you respond to this forum discussion making it engaging for the others to respond The
Question:
How do you respond to this forum discussion making it engaging for the others to respond
The various types of contractual damages are Compensatory(to cover direct losses and costs) for example Owens Community College lost its accreditation from the National League for Nursing Accreditation Commission in July and the college did not inform the nursing students until after classes had started in the fall. However, 62 students filed a breach of contract suit against Owens. The courts sided with the students and compensatory damages could be determined by measuring the difference between their future earnings. In most cases Consequential: (to cover indirect and foreseeable losses). An example of consequential damages is for an example Joe had agreed to have a truck delivered to Mary so Mary can sell the clothes on October 17th, But Mary did not have the clothes delivered on that Day because Joe did not deliver the truck in which Mary called his cell as well as the warehouse but received no answer, instead, Mary sold the clothes to another warehouse. on the following Morning Joe had the truck delivered to Mary and Mary was surprised because she told Joe that she sold the clothes in which Joe had decided to sue Mary. Punitive (to punish and deter wrongdoing). An example of punitive is Paul was intoxicated and driving fast and ended up hitting a man crossing the street. in a result of this Paul was arrested and ordered to pay all of the man's medical expenses. Nominal ( to recognize wrongdoing when no monetary loss is shown. An example of Nominal Damages is that the old man got awarded some money due to car accident and medical expenses. In addition to when will a court grant specific performance to a buyer in an action for a breach of contract involving the sale of land? For example, the legal remedy of monetary damages may not compensate the buyer adequately because every parcel of land is Unique. In most cases contracts limit remedies that include no damages can be recovered for certain types of breaches or that damages will be limited to a maximum amount.
Modern Database Management
ISBN: 978-0133544619
12th edition
Authors: Jeff Hoffer, Ramesh Venkataraman, Heikki Topi