Nominal Damages Are Awarded in Contract Cases in Which a Damage

question 33

True/False

Nominal damages are awarded in contract cases in which a damage amount was named in the contract.

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Definitions:

Equitable Estoppel

A legal doctrine preventing a party from denying or asserting anything to the contrary of what has been established as truth, due to previous actions, conduct, or statements.

Gratuitous Promise

This is a promise made without requiring anything in exchange, often lacking legal enforceability because it lacks consideration.

Legal Obligation

A duty enforced by law, requiring an individual or organization to act or refrain from acting in a specific manner.

Statutory Provision

A specific piece of legislation enacted by a governing body that establishes legal requirements or regulations.