Content Related To 'damages'
Economic damages are damages that can be calculated with relative ease: loss of wages, medical bills and other expenses. Non-economic damages, such as pain and suffering and loss of consortium (the inability to have normal marital relations), are much harder to calculate. In response to large monetary verdicts and the growing cost of health insurance, […]
Lea en español Slander, the spoken form of defamation, is a false statement that lowers the reputation of the person being spoken about. Some states also consider the speaker’s intent as part of their slander definition. Non-public figures who want to recover damages must prove the statement was false and their reputation was harmed. Public […]
Punitive damages are awarded to punish the defendant and discourage the type of conduct in which the defendant engaged. While not common, punitive damages are issued when a defendant has acted with more than mere negligence. To justify punitive damages, a defendant must have acted with intentional or malicious conduct that shocks the conscience. Punitive […]
Lea en español When you suffer a loss because of the wrongful actions of another person, you have a right to seek damages, a financial recovery to compensate you for economic and non-economic injuries. If the intentional, reckless, or careless actions of another person have caused you any type of financial loss, you can pursue […]
Compensatory damages is an award of money anticipated to pay off a nonbreaching party for the loss of the bargain. Compensatory damages place in the same position as if the contract had been fully performed by restoring the benefit of the bargain. The amount of compensatory damages that will be awarded for breach of contract […]
Subrogation is a legal remedy that commonly refers to the legal doctrine of substituting one creditor for another. When an insurance company has paid a policyholder’s claim for damages that another party caused, the insurance company may use the subrogation process to seek reimbursement of the damages from the responsible party.