BUSINESS ADMINISTRATION
BUSINESS LAW
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Detailed explanation-1: -Consequential damages, or special damages, may include monetary losses stemming from lost profits. If a party can establish a breach under the contract, then a party may be able to recover its consequential damages if these damages were a foreseeable outcome of the breach.
Detailed explanation-2: -Consequential Damage: Meaning. As the name suggests consequential damages are the compensation awarded for the injury/loss suffered by one party due to the consequence of the breach of the terms of the agreement.
Detailed explanation-3: –Liquidated Damages. Was this answer helpful?
Detailed explanation-4: -Your breach of contract may have cost me compensatory damages equal to the price difference between our contract and the replacement vendor. The consequential damages, however, are the penalties incurred and any lost business as a result of your breach.