Consequential damages can be many times higher than direct damages. Consider the Farmer Ted scenario raised in

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Consequential damages can be many times higher than direct damages. Consider the “Farmer Ted” scenario raised in multiple choice question 3, which is based on a real case. Is it fair if consequential damages are 60 times higher than direct damages? The Supreme Court is skeptical that punitive damages should be more than nine times compensatory damages in a tort case. Should a similar “soft limit” apply to consequential damages in contract cases?

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Business Law and the Legal Environment

ISBN: 978-1133587491

5th edition

Authors: Jeffrey F. Beatty, Susan S. Samuelson

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