Examlex
Perform the indicated operation and reduce the answer to lowest terms.
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Nominal Damages
Nominal Damages are a small sum awarded by a court when a legal wrong has occurred, but no significant actual loss was suffered by the plaintiff.
Compensatory Damages
Payments awarded to a plaintiff to compensate for harm, loss, or injury suffered due to another's wrongful act.
Liquidated Damages
A predetermined amount of money that must be paid as compensation for failure to fulfill a contract, serving as a penalty or deterrent against breach.
Mitigate Damages
The legal requirement or effort to minimize the harm or loss suffered as a result of a breach of contract or other wrongdoing.
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