a) Must be signed by both parties b) Must be in writing c) Must always specify the amount of the item contracted for d) Must be made in good faith A small, monetary amount in damages that is awarded to an injured party who did not sustain an actual loss due to breach of contract is called: a) Punitive damages b) Consequential damages c) Nominal damages d) Compensatory damages 48. Which of the following refers to the type of damages awarded for the purpose of punishing or making an example of the defendant? a) Consequential damages b) Exemplary damages c) Punitive damages d) B and C e) None of the above. 49. Which type of damages are those that result directly from the breach of a contract? a) Direct damages b) Consequential damages c) Special damages d) None of the above. 50. Which type of damages are those that do not result directly from breach but result from the injured party's particular circumstances? a) Special damages b) Consequential damages c) Compensatory damages d) A and B e) None of the above