In Addition to Compensatory Damages,breach-Of-Contract Cases May Award Punitive Damages,when

question 3

True/False

In addition to compensatory damages,breach-of-contract cases may award punitive damages,when the breaching party knew or had reason to know that special circumstances existed that would cause the other party to suffer additional losses if the contract were breached.

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Definitions:

Exterorganizational

Exterorganizational pertains to interactions, relationships, or dynamics that occur outside of or between organizations, rather than within a single organization.

Extraorganizational

Pertaining to activities or influences that are outside the scope or boundaries of a single organization.

ERP

Stands for Enterprise Resource Planning, a type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, and manufacturing.

MRP

Material Requirements Planning, a computer-based inventory management system designed to assist production planning and inventory control.