1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Aleksandr-060686 [28]
3 years ago
13

There are five different ways that we can measure legal (monetary) damages: 1) compensatory, 2) consequential, 3) nominal, 4) pu

nitive, and 5) liquidated. Each of these attempts to estimate some aspect of injury caused by the breach of contract. While compensatory and consequential damages complement each other and are sometimes collectively called actual damages. Actual damages mutually exclude the award of nominal or liquidated damages. Nominal damages like liquidated damages preclude any other type of damage award. Finally, punitive damages will not be awarded for breach of contract because it would be contrary to public policy. How would awarding punitive damages for breach of contract harm society?
Business
1 answer:
tatuchka [14]3 years ago
5 0

Answer:

Punitive damages are those harms that surpass basic pay and are granted with an expectation to rebuff the respondent. The essential target of reformatory harm isn't to remunerate the oppressed party however to rebuff the gathering that hosts irritated or wronged the bothered get-together.  

Granting punitive damages for penetrate of agreement can conceivably hurt the general public. This is on the grounds that numerous penetrates of agreement can be because of conduct of the culpable party which is neither intentional nor careless. Reformatory harms should just be restricted and material to tort cases and should just be utilized to rebuff those bad behaviors that are conscious and foolish. Anyway utilizing correctional activities to rebuff somebody who has penetrated an agreement because of specific occasions or circumstances that were not in his control will be crooked and uncalled for.  

Punitive damages are semi criminal in nature and ordering and clubbing all break of agreement (despite the fact that not purposeful or not having components of dishonesty, malevolence or wanton) as semi criminal in nature will be in opposition to open arrangement and will hurt the general public.

You might be interested in
In the best-selling book, Good to Great, the author examined the characteristics of eleven successful companies by studying the
Anestetic [448]
Answer: Case Study. Hope I helped <3
3 0
3 years ago
What are some common motivations of financial statement fraud examination?
WINSTONCH [101]

Answer:

To support a high stock price, to support a bond or stock offering, or to increase the company's stock price.

Explanation:

The motivation to publish fraudulent financial statements varies depending on the situation. A common theme in many cases of fraud is the attempt to improve the reported financial information to maintain high stock prices, support bonds or stock quotes, or raise a company's stock price. In many companies that published fraudulent financial statements, senior executives held significant stocks or stock options, and lowering the price of the stock would significantly reduce personal net worth or make worthless options. As a result, senior management had to maintain the high share price and therefore needed high returns to maintain the high share price. Investors value reports that increase profits each year. Indeed, the decline in earnings can significantly lower a company's stock price. Sometimes fraudulent financial reports cause line managers to exaggerate the results to meet the company or other expectations. Sometimes the cost of failure in corporate governance is high, and when it comes to choosing between failure and fraud, some managers quickly turn to fraud.

5 0
3 years ago
Bonds are basically also known as what?
Karo-lina-s [1.5K]

bonds are basically known as

b)contracts

8 0
2 years ago
Chec
Arada [10]

Answer:

THERE IS NO ANSWER FOR THIS

Explanation:

YOU NEED ALL THE MONEY

6 0
3 years ago
All standalone pdp formularies have a ___-tier structure for 2022.
Mekhanik [1.2K]

All standalone PDP formularies have a Five-tier structure for 2022.

This is based on the regulations laid down by the Centers for Medicare & Medicaid Services (CMS).

Also, based on CMS directives, Wellcare 2022 Prescription Drug Plan (PDP), Consolidation has reduced the standalone PDP offerings to three plans.

The current practice is six plans in about 34 regions across all 50 states and D.C.

Hence, in this case, it is concluded that " All standalone PDP formularies have a Five-tier structure for 2022."

Learn more here: brainly.com/question/17043850

4 0
2 years ago
Other questions:
  • Which of the following are considered to be product costs under absorption costing? I. Variable manufacturing overhead. II. Fixe
    14·1 answer
  • Baker Corporation has provided the following production and total cost data for two levels of monthly production volume. The com
    15·1 answer
  • Gem Corporation is a new company and obtains financing by issuing common stock to investors for $30,000. During the year, Gem ea
    5·1 answer
  • Zaid's Tent Company has total fixed costs of $300,000 per year. The firm's average variable cost is $65 for 10,000 tents. At tha
    10·1 answer
  • 1. Economic systems An economic system consists of a set of institutional arrangements and a method of coordinating economic act
    10·1 answer
  • If you take an assessment that measures your behavioral characteristics in certain situations, which inventory are you taking?
    14·1 answer
  • A factory wishes to maximize its profit by choosing how many of each of its products to produce every week. The factory cannot p
    7·1 answer
  • Write about the factors that affect the process of planning.​
    13·1 answer
  • Jill needs to pay the web developer who created a new website for her brokerage, but her checking account is low, so she floats
    5·1 answer
  • You are the manager of a retail store. Shipments of the products you sell arrive once a week from the central warehouse and you
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!