What are damage remedies?

• COMPENSATORY. Compensatory damages are generally the most identifiable and concrete type of damages. ...
• GENERAL. General damages are sought in conjunction with compensatory damages. ...
• PUNITIVE. Punitive damages are meant to punish a Defendant for particularly egregious conduct.

What is a type of remedy?

Nature Of RemediesProvisional Remedies

Categorized according to their purpose, the four basic types of judicial remedies are (1) damages; (2) restitution; (3) coercive remedies; and (4) declaratory remedies. The remedy of damages is generally intended to compensate the injured party for any harm he or she has suffered.

What are the types of damage?

What are the 6 types of damages?

There are six different types of damages: compensatory, incidental, consequential, nominal, liquidated, and (sometimes) punitive.

What type of damage remedies are available to persons under contract law?

There are several remedies for breach of contract, such as award of damages, specific performance, rescission, andrestitution. In courts of limited jurisdiction, the main remedy is an award of damages.

What are the four types of damages?

What is remedy example?

The definition of a remedy is a way of correcting something or is a treatment given for an illness or medical condition. An example of remedy is when you say you are sorry for an argument. An example of remedy is an antibiotic for a bacterial infection.

What does remedy mean in a contract?

Contract Remedies in Equity

A remedy in equity is a term used when the court orders someone to do something. It may also be referred to as an injunctive relief. Some forms of injunctive relief can include: Cancellation: The court can cancel a contract which means that parties will no longer be bound by it.

What is a remedy in law example?

A Legal remedy is a legal process in which people who have been harmed can seek compensation for their losses. Damages, injunctions, and specific performance are some examples of legal remedies.

What are remedies in tort?

What's the difference between damages and remedies?

Damages is the legal right substituted for performance, when the defaulting party fails to perform the contract, as referred to above. It's not a discretionary remedy, as some remedies for breach of contact are. It's a right. Damages as a remedy is primarily a compensatory remedy.

What are the 3 types of compensatory damages?

The three types of damages are economic damages, non-economic damages, and punitive damages.

What are the five remedies for breach of contract?

What is a general damage?

Damages that arise directly and inevitably from a breach of contract. In other words, those damages that would be theoretically suffered by every injured party under these circumstances.

What is meant by damages and what are its types?

General damages refer to those damages which arose naturally during the normal course of the events. Special damages are those that do not, of course, arise from the breach of the defendant and can only be recovered if they were in the reasonable consideration of the parties at the time they made the contract.

Who can claim damages?

Damages is that amount of money which the injured person gets from the person who caused injury to him. In a claim for damages, the person should have suffered a legal injury because in case no legal injury happens a person cannot claim damages even if he suffered an actual loss.

What are ordinary damages?

Damages that emerge in the ordinary course of occasions from the breach of agreement are called ordinary damages. Damages emerging out of characteristic and probable results of break of agreement are likewise viewed as an ordinary damage.

What is an example of general damages?

Examples of general damages include: physical pain and suffering (compensation for being in pain); physical injury or impairment (disfigurement or disability); mental pain and anguish (trauma, stress and anxiety); diminished quality of life (relying on others, lack of mobility, etc.); loss of companionship and support ...

Is damages an equitable remedy?

Equitable remedies are always discretionary

The common law remedy of damages for breach of contract is an example of a remedy that is available as of right.

What are rights and remedies?

RIGHTS AND REMEDIES of a Secured Party means all rights, remedies and privileges of a Secured Party upon or during the continuance of any Event of Default; RIGHTS AND REMEDIES has the meaning given to such term in Section 4.1. RIGHTS AND REMEDIES .

What is a remedy in civil law?

Civil remedies are procedures and sanctions, specified by civil stat- utes and regulations, used to prevent or reduce criminal problems and incivilities. Civil remedies generally aim to persuade or coerce non- offending third parties to take responsibility and action to prevent or end criminal or nuisance behavior.