The Economic Loss Rule Holds That in Case of a Breach

question 457

True/False

The economic loss rule holds that in case of a breach of contract, all losses, including mental distress and punitive damages, shall be calculated in favor of the party who suffered the effects of the breach.

---

Definitions:

Employment Relationships

The formal or contractual connection between employers and employees, including duties, rights, and responsibilities.

Commercial Electronic Message

Any electronic message sent for commercial purposes, especially involving email or SMS, that promotes or markets a product or service.

Sender's Contact Information

The details provided by a sender for the purpose of establishing communication or for identifying the sender in a transaction.

Breach of Privacy

An infringement or violation of someone's right to keep their personal information confidential.