Examlex
When CenturyLink attracts residential customers by setting one monthly fee for high-speed Internet, cable TV, and long-distance phone services that is $40 less than the price of purchasing these three services separately, this is an example of:
Punitive Damages
Monetary compensation awarded in lawsuits intended to punish the defendant for particularly harmful behavior and deter future misconduct.
Anticipatory Repudiation
Occurs when one party to a contract communicates their intention not to fulfill their obligations under the contract before they are due.
Compensatory Damages
Money awarded to a plaintiff to reimburse for loss, injury, or harm suffered as a result of another's breach of duty or negligence.
Liquidated Damages
A clause in a contract that determines a fixed amount of compensation owed if one party fails to fulfill the contract's terms.
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