The Purpose of Damages in Contract Law Is to Put

question 136

True/False

The purpose of damages in contract law is to put the victim in the position he would have been in had the contract been properly performed.

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Definitions:

Bonus Shares

Shares issued to current shareholders at no cost, based on the number of shares that a shareholder owns.

Cash Dividend

A payment of profits by a company to its shareholders, made in cash, as opposed to stock or other forms of payment.

Changes in Equity

Movements in shareholders' equity over a period due to profits, losses, dividends, and transactions with owners in their capacity as owners.