Question: Identify a true statement about compensatory damages. Multiple choice question. Both parties in a contract make restitution to each other by returning whatever goods, property,

Identify a true statement about compensatory damages. Multiple choice question. Both parties in a contract make restitution to each other by returning whatever goods, property, etc. were transferred under the contract. A plaintiff in a breach of contract action is entitled to recover a sum equal to the actual damages suffered. The victim of a breach of contract is entitled to recover all indirect losses that were incurred as a consequence of that breach. The measure of compensatory damages would be the sum of the contract price and the market price of the goods

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Law Questions!