Examlex
If you were asked to help a manager establish a nominal group,which of the following would you recommend?
Nominal Damages
Monetary damages awarded to a plaintiff in a very small amount, typically $1 to $5, to signify that the plaintiff has been wronged by the defendant even though the plaintiff suffered no compensable harm.
Actual Damages
Financial compensation awarded to a plaintiff to recover losses directly resulting from a defendant's actions.
Substantial Performance
A level of performance of a contract deemed acceptable even if it does not comply with all terms, due to substantial compliance with the contract.
Conditions Precedent
Specific conditions outlined in a contract that must be met before a party is required to fulfill their part of the agreement.
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