Instructions: Identify the Following Term(s)

question 26

Short Answer

Instructions: Identify the following term(s).
dharma

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Definitions:

Periodic-Tenancy Lease

A lease agreement that automatically renews for a period identical to the initial lease term, such as monthly or yearly, until terminated by either party.

Punitive Damages

Compensation awarded to a plaintiff that goes beyond reimbursement for actual losses and is imposed to punish the defendant and deter such conduct in the future. Also called exemplary damages.

Compensatory Damages

Money awarded to a plaintiff as reimbursement for her or his losses; based on the amount of actual damage or harm to property, lost wages or profits, pain and suffering, medical expenses, disability, etc.

Breach of Contract

The failure to perform an obligation or promise specified in a contract, which can lead to legal action by the injured party for damages or enforcement.