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Question
Discuss the different types of damages awarded to the injured party.
Answer in Brief
Solution
Damages are monetary compensation awarded by the court to the injured party for the loss or injury suffered by him. As per the contract, one party can claim damages if the other parties breach the contract. The main purpose of awarding the damages is to make good the loss suffered by him. It is known as the doctrine of restitution. Section 73 of the Indian Contract Act, 1872 deals with the compensation for loss or damages caused by a party for breach of contract. There are mainly four types of damages, such as
- Ordinary damages
- Special damages
- Vindictive or exemplary damages; and
- Nominal damages
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