Joe and sam enter into a contract whereby joe agrees to mow sam's lawn each saturday for $50 per week. if joe fails to mow the lawn for several saturdays and sam has to hire another person to mow the lawn at a higher cost, sam may recover from joe.

Monetary damages

Explanation:

The monetary damage is basically refers to the damage which is legal and the compensation of the damage are given by the liable party to the injured. The monetary damage are mainly penalty, restitution and also it may be both.  

According to the question, the Sam recovered the monetary damage of his lawn from the Joe. The monetary damage situation may occur when the one party damaged the breach of the contract.  

There are various types of monetary damage are as follows:

by using  production possibilities graph.  opportunity costs are key expenses in financial matters and are utilized as a part of registering money saving advantage investigation of a venture. such expenses, be that as it may, are not recorded in the record books but rather are perceived in basic leadership by processing the money costs and their subsequent benefit or misfortune.