When Damages Are Awarded for a Violation That Involves No

question 109

Multiple Choice

When damages are awarded for a violation that involves no actual damages to a person or property, the damages are called:

• A) punitive damages
• B) trivial damages
• C) nominal damages
• D) equitable damages
• E) compensatory damages

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Definitions:

Domestic Corporation

A corporation that is registered and operates within the legal jurisdiction of a specific country.

Dividend

A portion of a company's earnings distributed to shareholders, typically in cash or additional stock.

DRD

Dividends Received Deduction, a tax deduction in the United States that allows corporations to deduct dividends received from their taxable income.

Taxable Income

The amount of income used to calculate how much tax an individual owes to the government, considering all income sources and permissible deductions.