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The Ontario Fault Determination Rules (commonly known as the Fault Rules or FDR) is a regulation under the Ontario Insurance Act enacted by the Parliament of Ontario to judge driver responsibility after car accidents in Ontario. The Fault Rules say which driver was responsible for an accident. Accidents are either 0%, 25%, 50%, 75%, or 100% at ...
The OAP is the legal contract that connects an Ontario driver with every Ontario based insurance company. Insurance coverage is divided up between several different portions of the policy. The circumstances of the accident determine which section is used. An often misunderstood one is the Direct Compensation Property Damage (DCPD).
In most provinces, trespass to land may also constitute a provincial offence (e.g. Ontario's Trespass to Property Act [14] which provides for compensation for property owners and extinguishes the right to sue under tort law where a property owner receives such compensation under section 12 of the act) but not a criminal offence as criminal law ...
The purpose of a liquidated damages clause is to increase certainty and avoid the legal costs of determining actual damages later if the contract is breached. Thus, they are most appropriate when (a) the parties can agree in advance on reasonable compensation for breach, but (b) the court would have a difficult time determining fair ...
The 2017 Tax Cuts and Jobs Act (TCJA) narrowed the qualifying criteria to include only personal property damage resulting from federally-declared disasters between 2018, when the legislation took ...
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Diminution in value is a legal term of art used when calculating damages in a legal dispute, and describes a measure of value lost due to a circumstance or set of circumstances that caused the loss. Specifically, it measures the value of something before and after the causative act or omission creating the lost value in order to calculate ...
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