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

1 answer:

7 0

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

<h3>What is compensatory damages?</h3>

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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