BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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nominal damage
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compensatory damage
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general damage
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she didn’t receive a damage at all
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Detailed explanation-1: -A nominal damages claim differs from a “small claim” in the sense that a nominal damages award is not a lawsuit seeking a monetary sum of $1. A nominal-damages lawsuit seeks an affirmation of the plaintiff’s rights, and the mark of that affirmation is the dollar.
Detailed explanation-2: -Nominal damages are frequently paired with the fact that there is no financial loss, or at least no financial loss that can amount to more than the nominal damages. An example of this would be if company A entered into a contract with company B to manufacture 1, 000 dolls.
Detailed explanation-3: -For example, if the plaintiff contracted to buy one widget at $10 US Dollars (USD) and then, as a result of a contract breach, he had to pay $12 USD to buy that widget from someone else, then he could sue the person who breached the contract for $2 USD-his actual loss as a result of the breach.
Detailed explanation-4: -Nominal damages are awarded to an employee who was dismissed for valid cause but due process was not observed. It is to vindicate or recognize the violation of the employee’s rights. The amount for nominal damages is discretionary on the court.