Damages Awarded to Make the Plaintiff "Whole" Are Called _______Damages

question 10

Multiple Choice

Damages awarded to make the plaintiff "whole" are called _______damages.

• A) compensatory
• B) real
• C) justified
• D) punitive

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Definitions:

Sales Returns

Sales returns refer to the process of refunding a customer for the return of goods, which results in a reduction of revenues on the seller's financial statements.

Sales Discounts

Reductions from the listed price given by a seller to a buyer as an incentive to purchase.

Expense Accounts

These accounts are used to track the money spent or costs incurred in a company's operations.

Sales Discount

A reduction in the price charged to customers, typically given in exchange for prompt payment.