Chapter 15 Vocabulary Flashcards Preview

Mortuary Law 2 > Chapter 15 Vocabulary > Flashcards

Flashcards in Chapter 15 Vocabulary Deck (8)
Loading flashcards...
1
Q

Damages that compensate for expenses directly incurred because of a breach of contract, such as those incurred to obtain performance from another source.

A

Incidental Damages

2
Q

Foreseeable damages that result from a party’s breach of contract but are caused by special circumstances beyond the contract itself.

A

Consequential Damages

3
Q

A small monetary aware (often one dollar) granted to a plaintiff when no actual damage was suffered.

A

Nominal Damages

4
Q

The requirement that a plaintiff do whatever is reasonable to minimize the damages caused by the defendant’s breach of contract.

A

Mitigation of Damages

5
Q

An amount, stipulated in a contract, that the parties to the contract believe to be a reasonable estimation of the damages that will occur in the event of a breach.

A

Liquidated Damages

6
Q

A contract clause that specifies a certain amount to be paid in the event of a default or breach of contract but is unenforceable because it is designed to punish the breaching party rather than to provide a reasonable estimate of damages.

A

Penalty

7
Q

An equitable remedy under which a person is restored to his or her original position prior to loss or injury, or placed in the position he or she would have been in had the breach no occurred.

A

Restitution

8
Q

An equitable remedy in which a court orders the parties to perform as promised in the contract. This remedy normally is granted only when the legal remedy (monetary damages) is inadequate.

A

Specific Performance