The Nitti-Gritty of General Damages under the Nigerian Law of Contract by Omoniyi T. Onabule
In Law,
the successful party is usually awarded damages. Damages are sums of money
given to a successful plaintiff as compensation for loss or harm of any kind.
The Damages awarded must be adequate to make up for the injury or loss
occasioned to the plaintiff. A party who has caused another party harm is
liable to pay damages to the injured party. Damages by its nature can be
compensation for tortious actions or breach of contract. In tortuous actions,
the purpose of damages is, to restore an injured party to the position he was
in before being harmed, and, in a contract action, to place the innocent party
in the position he would have been in had the contract been performed.
Consequently, damages are generally remedial rather than preventive or
punitive.[1]
To this end, Damages can be said to be “compensation of money.”
Follow @LawRepositoryNG
Posts
Post a Comment