Which of these is a token amount to simply indicate who won or lost the dispute?

Nominal damages are awarded in legal disputes to signify that a party has won the case, even when they may not have incurred any substantial loss or injury. These damages are generally a small, token amount meant to recognize the fact that a legal right has been violated or that a wrongful act occurred.

In contrast, specific damages typically refer to quantifiable losses that can be clearly established, such as medical expenses or property damage. Liquidated damages are predetermined amounts agreed upon in a contract that stipulate the compensation due if a party fails to meet specific obligations. Compensatory damages, on the other hand, are intended to cover actual losses incurred by the injured party, providing reimbursement for both economic and non-economic damages.

Thus, nominal damages serve a distinct purpose in the legal framework by acknowledging a victory in a dispute without necessarily indicating measurable harm, making it clearer why this option is the correct answer.