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- Compensatory: to cover direct losses and costs
- Consequential: Cover indirect and foreseeable losses.
- Punitive: To punish and deter wrongdoing
- Nominal: To show wrongdoing when no monetary loss is shown.
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| Damages in a Sale of Goods |
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| Damages in Construction Contracts |
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| Foreseeable damages that occur as a result from a party's breach of contract. Also called special damages. |
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| Seek to punish for wrongdoing. Generally have no recoverable amount for the contract. |
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| No actual loss is taken in the contract breach, only technical injury is involved. |
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| innocent injured party is held to a duty to mitigate or reduce damages suffered after a breach of contract. Ex - tenant leaves and doesn't pay, landlord must try to reduce losses by finding a new tenant, otherwise the court will minimize the loss amount. |
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| Damages compensating the nonbreaching party for the loss of the bargain. Said to make the person whole. |
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| Designed to compensate a party for harm suffered as a result of another's wrongful act. |
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| Expenses incurred to obtain performance from another source due to another party's breach of contract. |
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