What are two types of compensatory damages?

• Actual (or Special) Compensatory Damages. ...
• General Compensatory Damages. ...
• Calculating Compensatory Damages. ...
• Punitive Damages.

What are the 3 types of damages?

What is meant by compensatory damage?

the amount of money that a court orders to be paid to someone in return for something that has been lost or damaged: The plaintiff is seeking $20 million in compensatory damages .

What are different types of damages?

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

What are compensatory damages quizlet?

compensatory damages. Money awarded to a plaintiff to compensate for damages, injury, or another incurred loss.

Why are compensatory damages important?

Compensatory damages are designed to compensate plaintiffs for the actual losses they've experienced. This type of award can be to reimburse them for medical treatments, medical bills, or any future expenses they may have due to an injury they sustained due to the negligence of another person or entity.

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 injuries are eligible for compensatory damages?

Are expectation damages compensatory?

One type of compensatory damages is “expectation damages,” meaning what was expected to be paid under the terms of the contract. A second type of compensatory damages is “consequential damages,” meaning those damages “outside of the contract” that result from the breach of the contract.

For what do compensatory damages compensate quizlet?

Compensatory damages are paid to compensate the plaintiff for loss, injury or harm suffered. Compensatory damages in tort are referred to as reliance damages. Compensatory damages in contract are referred to as expectation damages.

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 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 punitive damages quizlet?

What are punitive damages? Damages awarded that are intended to punish the defendant for conduct that is extreme and outrageous.

What are the four types of damages?

What are the 5 types of damages?

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

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.

Which of the following qualifies for compensation as general damages?

General damages award the injured person for the non-monetary losses that they endured due to an accident. Non-monetary losses include pain and suffering, loss of companionship, physical disfigurement, mental anguish, and a general loss of enjoyment in life that results from diminished wellness.

What are the 4 types of damages available for breach of contract?

What are the types of damages in tort law?

Unliquidated Damages under Tort means those damages which are not predetermined and are based upon the evaluation of loss the person has suffered. Unliquidated Damages are awarded in the case of Torts as both of the parties are unaware of the potential loss's compensatory equivalence.