Damages specified a certain dollar amount in a contract as the amount to be paid to the non-breaching party in the event the contract is breached. (i.e, $50,000 in a settlement contract for breach of the confidentiality clause in a settlement contract) a. Liquidated Damages b. Compensatory Damages c. Nominal Damages d. punitive damages e. Consequential damages Damages awarded to punish the breaching party. a. Liquidated Damages b. Compensatory Damages c. Nominal Damages d. punitive damages e. Consequential damages Damages that result special circumstances beyond the contract itself. Damages that flow from the breach of contract. a. Liquidated Damages b. Compensatory Damages c. Nominal Damages d. punitive damages e. Consequential damages In contract law intent is determined by the personal or subjective intent, or belief, of a party. True or false A promise for a promise is a: a. Bilateral contract b. Unilateral contract c. Valid contract d. Express contract Promise for an act is a: a. Bilateral contract b. Unilateral contract c. Valid contract d. Express contract A contract that has the necessary contractual elements a. Bilateral contract b. Unilateral contract c. Valid contract