Posted: May 2nd, 2017
In the context of remedies to breach of contract, what is true about compensatory damages?
They essentially cover foreseeable indirect losses.
They are estimated by the two parties who enter into a contract, even before a breach occurs.
They may include the potential profits payable to a nonbreaching party, if the contract had not been breached.
They intend to put a nonbreaching party in a much more advantageous position than it was in before the contract was breached.
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