Question

The general purpose of damages is to compensatory the injured party for its losses, not to create a windfall.

Answer 1

To provide the nonbreaching party with enough money to cover any genuine damages incurred is the goal of compensatory damages.

What is compensatory damages?

• As the name implies, compensatory damages are meant to make up for any loss or harm suffered by the aggrieved party.

• Personal injury damages come in three different forms: general, special, and punitive.

• Punitive damages are given to an offender as punishment.

• This kind of compensation can be used to cover any future medical costs, treatment costs, or other costs related to a harm someone incurred as a result of someone else's carelessness.

• If a careless driver struck your 2008 Honda, totaling it, the compensatory damages would be equivalent to the market value of the car at the time of its demise,
• Less any scrap or salvage value, and you might be entitled to the car's fair market value.

Learn more about compensatory damage here:

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