Nominal Damages Are

question 43

Multiple Choice

Nominal damages are

• A)assessed with purely personal or passionate reasons.
• B)assessed where a party commits a tort within the context of a contract.
• C)awarded to serve as an acknowledgement to a breach of contract where no appreciable loss has been sustained by the promisee.
• D)used for allowing the case to go to a higher court.
• E)where damages are determined by local bylaws.

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Definitions:

Competitive Behavior

Actions taken by businesses aimed at gaining an advantage over rivals in the market, often through pricing, innovation, or marketing strategies.

Economic Choice

The decision made by individuals or organizations regarding the allocation of resources or the selection among alternate goods and services.

Public Ownership

Ownership of assets by the government or state, as opposed to private individuals or organizations.

Man-Made Resources

Assets and materials created by humans to produce goods and services, such as machinery and buildings.