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Money is to be paid for the cost of the injury suffered. The damages recoverable in satisfaction of, or in recompense for, loss or injury sustained, including all damages except nominal damages, punitive or exemplary damages. Compensatory damages put the non-breaching party in as good a position as performance of contract duties would have done, plus consequential damages. Damages sufficient in amount to indemnify the injured person for the loss suffered. In tort actions, they are Damages to make the plaintiff whole by awarding sufficient money to indemnify him for his loss. In contract actions, they are Damages to compensate for loss and to protect the plaintiff's expectation interest by money awards equivalent to what he would have received if the contract had been performed.
The basic principle underlying common law remedies is that they shall afford only compensation for the injury suffered, Milwaukee & St.P. R. Co. v. Arms, 91 U.S. 489; Robinson v. Harman, 1 Exch. 850, 855; Sedgwick, Damages (9th ed.) 25; Sutherland, Damages (4th ed.) § 12; Williston on Contracts, § 1338.
Compensatory damages are those which are awarded to a person as compensation, indemnity or restitution for a wrong ...
