What Is the Theory Behind Awarding Money Damages as a Remedy

question 28

Essay

What is the theory behind awarding money damages as a remedy to nonbreaching parties to a contract?

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Definitions:

Private Wage

Private wage is the compensation or salary paid to employees by private sector firms, as opposed to wages paid by government entities.

Nonunion Labor

Workers who are not members of a labor union and do not receive the wages and benefits negotiated by unions.

Foreign Firms

Companies that conduct business or operations outside their country of origin.

Union Membership

The state of being a registered member of an organized labor union, representing workers in specific industries or professions.