Question: do the same for the following: (its the other half of discussion) - . The parties agree when entering into the contract that, in case
do the same for the following: (its the other half of discussion) - . The parties agree when entering into the contract that, in case of breach, the breaching party will be liable for no more than the amount established as the ceiling, or limitation, in the contract. With a limitation of damages provision, the injured party must not only prove the contract and the breach, but must prove the actual damages as well. The financial award in this instance is limited to the amount contractually specified. In the event the actual loss is less than the amount contractually specified, then the smaller sum is awarded. A limitation of damages caps liability of actual loss to be no higher than the amount specified, thus holding a party responsible for losses that could be reasonably anticipated with the agreement in the contract. Contract law protects the idea that each party should receive the benefits of the bargain made. Damages for pain and suffering are considered non-economic. In tort law, damages can be awarded for emotional harm. If these types of damages were awarded in contract disputes, it would create a plethora of risks associated with the potential liability of frivolous lawsuits. Inflated damage awards could undermine the purpose of contractual agreements
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