NH Auctioneer Practice Questions - New Hampshire Licensed Auctioneer Exam

What is the difference between 'actual damages' and 'consequential damages' in an auction dispute?

They are the same thing Actual damages are the direct loss; consequential damages are indirect losses resulting from the breach Actual damages apply only to sellers; consequential damages apply only to buyers Consequential damages are always greater than actual damages

Correct Answer:

Actual damages are the direct loss; consequential damages are indirect losses resulting from the breach

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