Which of the Following Statements Is True of Nominal Damages

question 50

Multiple Choice

Which of the following statements is true of nominal damages?

• A) They are also known as compensatory damages.
• B) Only damages above $1,000 can qualify as nominal damages.
• C) Most courts favor nominal damages lawsuits.
• D) They are awarded even when a breach did not result in financial loss.

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Definitions:

Qualifying Expenses

Expenses that meet the criteria set by tax laws or other regulations for deductible or otherwise favorable treatment.

Child and Dependent Care Credit

A tax credit offered to taxpayers to offset the cost of care for qualifying dependents, enabling the taxpayer to work or look for work.

Qualified Day Care Center

A child care facility that meets specific criteria set by tax law, potentially eligible for certain tax benefits.

American Opportunity Tax

An educational credit for sanctioned expenses related to an eligible student’s initial four years at a higher education institution.