Damages in Tort Look Backward, Whereas Damages in Contract Look

question 65

True/False

Damages in tort look backward, whereas damages in contract look forward, primarily because the courts realize that the victim of a tort is relatively more likely to suffer a serious physical injury.

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Definitions:

Infrastructure

The fundamental physical and organizational structures and facilities (e.g., buildings, roads, power supplies) needed for the operation of a society or enterprise.

Business Equipment

Tangible assets such as machinery, computers, and tools that are used in the operation of a business to carry out various tasks.

Agricultural Machinery

Machines and equipment used in farming to aid in the production of crops and livestock, such as tractors and harvesters.

Financial Institutions

Organizations that provide financial services, like banks, insurance companies, and stock exchanges.