Damages in Contract Are Intended to Punish the Party That

question 35

True/False

Damages in contract are intended to punish the party that is liable for the breach.

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Definitions:

Comparable

Capable of being likened or shown to be similar in nature or quality.

Illegal

Activities or actions that are forbidden by law or statute, falling outside the boundaries of legal behavior.

Different Wages

The variation in earnings paid to employees for their work, often based on factors like experience, skill, job type, or geographical location.

Human-capital Investment

The process of acquiring and enhancing an individual's skills and knowledge, which increases potential productivity and earnings.