Examlex
Which of the following statements about performance planning is NOT accurate?
Punitive Damages
Monetary compensation awarded to an injured party that exceeds simple compensation and is intended to punish the defendant.
Consequential Damages
Refer to indirect damages resulting from a breach of contract, not caused directly by the breach but instead by the subsequent consequences of that breach.
Liquidated Damages
A provision in a contract that specifies a predetermined amount of money that must be paid as damages in the event of a breach by one of the parties.
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.
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