Examlex
The requirement of standing means that parties in a case must
Substitution
In law or economics, the act of replacing one party or element of a contract with another.
Rescission
The act of canceling or annulling a contract, returning the parties involved to their positions prior to the agreement.
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.
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