Damages

6
Damages

description

damages in torts

Transcript of Damages

DamagesRemedy:Aremedyisalegalwayof placinganaggrievedpartybackinthe position it was in before.restitutio in integrum: restitution to the original position.DamagesisaformofRemedyavailable in torts.What are Damages?O: !"nancial compensation for loss or in#ury$%: money claimed by& or ordered to be paid to& a person as compensation for loss or in#ury.%i'uidated damages are also known as ascertaineddamages.(heyare damageswhoseamounttheparties designateduringtheformationofa contract for the in#ured party to collect ascompensationorreimbursement uponaspeci"cbreachwhile discharging a contract.%i'uidateddamagesclausewillnotbe enforced if its ob#ective is to punish the wrongdoerratherthantocompensate the party who has incurred damages.)nli'uidateddamagesareassessed bythecourtandaredesignedto compensatetheinnocentpartyfor anylossesincurredasaresultofa wrong.(heyaresocategori*ed becausetheyarenotaccurately calculableoraresub#ecttoa contingencywhichmakesthe amount of damages doubtful.(ypes of Damages+ontemptuous Damages, -inimum harm& +ourt thinks action shouldn.t be initiated/ominal Damages, Right is violated& no actual damage.0emplary Damages, (o punish& deterrent.Aggravated Damages, emotional in#uryOther RemediesRepleven0'uitable Remedies1elf 2elpWho is a (OR(30A1OR ?