Identify the Following Term(s)

question 11

Short Answer

Identify the following term(s).
-Matteo Ricci

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Definitions:

Punitive Damages

Financial compensation awarded to a plaintiff to punish the defendant for egregious misconduct and deter future similar acts.

Mitigate Damages

A legal principle requiring a party suffering loss to take reasonable action to minimize the extent of the damage resulting from a breach of contract or tort.

Consequential Damages

Refers to damages that are not directly caused by a breach of contract but result from the particular circumstances of the plaintiff.

Breach of Contract

Occurs when one party in a contract fails to fulfill their obligations as per the agreement, thus violating the contract.