Which of the following is the general goal of compensatory damages quizlet?

What is meant by compensatory damages?

Damages: An Overview

Compensatory damages, like the name suggests, are intended to compensate the injured party for loss or injury. Punitive damages are awarded to punish a wrongdoer.

What is the general goal of awarding compensatory damages in a breach of contract situation?

Compensatory damages (also called “actual damages”) cover the loss the nonbreaching party incurred as a result of the breach of contract. The amount awarded is intended to make good or replace the loss caused by the breach.

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.

What are the 3 types of compensatory damages?

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 general goal of awarding compensatory damages in a breach of contract situation quizlet?

The primary goal of compensatory damages is to compensate a nonbreaching party for the loss of the bargain. Substantial performance constitutes a minor breach of the contract. Specific performance is usually available for the buyer in contracts for the sale of land.

What are general damages quizlet?

GENERAL DAMAGES. PRESUMED to flow from commission of a tortious act. May be recovered w/o proof of a specific dollar amount and Considered to be noneconomic or non-pecuniary in nature. General damages include PAIN & SUFFERING and LOSS OF FUTURE EARNING CAPACITY.

What is compensatory damages in breach of contract?

If you suffer a loss resulting from a breach of contract, you may be awarded damages to compensate you for that loss. This means that a court orders the party who has breached the contract to compensate you, the innocent party, for losses caused by their breach.

What are compensatory damages in employment discrimination cases?

Compensatory damages pay victims for out-of-pocket expenses caused by the discrimination (such as costs associated with a job search or medical expenses) and compensate them for any emotional harm suffered (such as mental anguish, inconvenience, or loss of enjoyment of life).

What are general damages?

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 are the two types 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.

How do I seek compensatory damages?

If you want to seek compensatory damages, pull together all the documents you have that relate to any expenses you incurred as a result of the injury or property loss you sustained. Compensatory damages aren't limited solely to costs to replace or repair damaged property or doctor's bills for your injury.

What are the 3 types of damages?

What are compensatory damages in civil law?

11.11 Where a plaintiff has suffered physical or psychological injury, compensatory damages may include special and general damages to remedy economic loss suffered by a plaintiff, as well as general damages for non-economic loss.

What are general damages in insurance?

General damages, commonly called “pain and suffering,” are intended to compensate you for non-monetary injuries you experience, such as pain, anxiety, and other suffering you have to endure because of your injury.

What is compensatory relief?

Compensatory Relief

This is the type of relief with which most people are familiar. This is suing someone in an effort to obtain monetary compensation for damage or injuries that person or entity caused the plaintiff. Often, attorneys and courts will refer to the money sought as compensation as “damages.”

How do you use compensatory damages in a sentence?

What is compensation law?

A pecuniary remedy that is awarded to an individual who has sustained an injury in order to replace the loss caused by said injury, such as Workers' Compensation. Wages paid to an employee or, generally, fees, salaries, or allowances.

Which of the following is an example of general damages quizlet?

Which of the following is an example of general damages? Loss of future earning capacity.