What are the two types of compensatory damages quizlet?

What is the difference between nominal punitive and compensatory damages?

The main difference between these two types of damages is that they are directed toward different parties of a civil claim. Compensatory damages are awarded to benefit the plaintiff and to help him or her cover the costs of an accident and/or injury. Punitive damages are awarded to punish the defendant.

What is the difference between compensatory and punitive damages quizlet?

What is the difference between compensatory and punitive damages? Compensatory damages are intended to compensate the injured for the loss. When a tort is intentional, punitive damages may also be awarded to punish the person who committed the tort. Distinguish between evidence and testimony.

What are the different types of damages?

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

What are the 3 types of damages?

Which the following is a measure of compensatory damages?

In most states, when a seller of real estate breaches a contract and sells the land to someone else, the measure of compensatory damages is: the difference between the market price and the contract price.

Which one of the following is a form of compensatory damages quizlet?

The two types of compensatory damages that can arise out of an injury are special damages and general damages. Special damages are awarded to an injured party for tangible losses.

What are damages quizlet?

Damage, loss, or injury (such as loss of profits) that does not flow directly and immediately from the act of the party but only from some of the consequences or results of such an act. Incidental Damages. Reasonable expenses that indirectly result from a breach of contract.

What are consequential damages quizlet?

consequential damages. damages not arising directly out of breach of contract but as foreseeable result of the breach. benefit-of-the-bargain damaged. difference between the value received and the value of the fradulent party's performance as represented (majority)

What are the 2 types of damages?

Generally, there are two types of damages: compensatory and punitive. (The term "damages" typically includes both categories, but the term, "actual damages" is synonymous with compensatory damages, and excludes punitive damages.)

What are the 3 types of compensatory damages?

What is an example of consequential damages?

Commonly, consequential damages include property damage, personal injury, attorneys' fee, lost profits, loss of use, liability of buyer to customers, loss of goodwill, interest on money withheld by customers, and damages related to third party claims.

Are special damages compensatory?

Special and general damages are both types of compensatory damages in a personal injury lawsuit. Compensatory damages are designed to compensate an injured victim for the expenses and losses he or she incurred due to a defendant's mistake.

Are special damages compensatory damages?

General and special damages are compensatory damages, which serve to compensate the plaintiff for economic loss and pain and suffering, attempting to make them whole. Punitive damages are meant to punish the defendant for his or her negligence or recklessness.

What are two basic categories of torts?

Intentional torts, where someone intentionally committed a wrong and caused an injury to someone else. Negligent torts, where someone violated a duty they owed to the person harmed, such as running a red light and causing an accident.

Are nominal damages compensatory?

Unlike compensatory damages which are intended to compensate for injury, nominal damages are awarded to commemorate the plaintiff's vindication in court.

What is the difference between damages and compensation?

Damages are awarded for suffering injury while compensation stands on a higher footing. Compensation aims to place the injured party back in a position as if the injury has not taken place by way of pecuniary relief for the caused injury.

What is damages explain the different kinds of damages?

These damages are either general damages or special damages. In such cases of damages, the extent of the breach can be determined or analyzed or has been established. In such types of damages, there is a complete default or failure in performing the term and conditions of the contract at the end of one party.

What is the difference between compensatory damages and consequential damages What are nominal damages and when do courts award nominal damages?

Compensatory damages compensate for the special loss suffered; consequential damages compensate for the foreseeable consequences of the breach; incidental damages compensate for the costs of keeping any more damages from occurring; nominal damages are awarded if the actual amount cannot be shown or there are no actual ...

What type of damages are recoverable when the defendant's tortious conduct?

There are two categories of damages that a plaintiff may be able to recover: compensatory damages and punitive damages. Compensatory damages are designed to return the plaintiff to the position he was in before being injured by the defendant's negligence.

What is incidental damages quizlet?

Incidental damages are the direct result of one party's breach of contract. - not from special circumstances. Consequential damages are more indirect, being incurred not as a result of the breach itself, but due to the end result of the breach. They must be foreseeable in that they were communicated or known.