What are money damages covering economic losses or losses stemming from injuries known as?Question 3Answera.Punitive damageb.Consequential damagesc.Compensatory damagesd.Comparative damages

The general objective with respect to the remedy of damages for breach of contract is:Loss must be caused by the damagesDamages are to place the innocent party in the same position they would have been if the contract had been performedThere is a duty to mitigate lossDamages must not be too remote

Damages which are in contemplated of both the parties at the time of contract are called*DemurrageLiquidated damagesSpecial damagesVindictive damages

_____________are designed to punish the wrongdoer and deter others from committing similar acts.Question 2Answera.Punitive damagesb.Compensatory damagesc.Property damaged.Financial damages

What type of damages are specified in the contract?

Proof of pecuniary loss is necessary for the award of*1 pointMoral damagesActual damagesExemplary damagesTemperate damages