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The largest element is likely to be the reinstatement of property damage. Take for example a factory which was burnt down by the negligence of a contractor. The claimant would be entitled to the direct costs required to rebuild the factory and replace the damaged machinery. The claimant may also be entitled to any consequential losses.
Neal signs a contract agreeing to buy 10 hours of landscaping services from John's Landscaping for $50 an hour. If Neal breaks the contract and doesn't use any of John's Landscaping's services, expectation damages paid to John's Landscaping would be $500 minus any costs John's Landscaping may have saved, which is the economic loss they suffered.
Statutory damages are a damage award in civil law, in which the amount awarded is stipulated within the statute rather than being calculated based on the degree of harm to the plaintiff. Lawmakers will provide for statutory damages for acts in which it is difficult to determine a precise value of the loss suffered by the victim.
If there’s minimal damage, it may not pay to file a claim if the cost of repairs is below the cost of your deductible. But since tree damage can be extensive, filing a claim does make sense in ...
Car collisions are a major cause of personal injury cases.. Personal injury is a legal term for an injury to the body, mind, or emotions, as opposed to an injury to property. [1] [2] In common law jurisdictions the term is most commonly used to refer to a type of tort lawsuit in which the person bringing the suit (the plaintiff in American jurisdictions or claimant in English law) has suffered ...
Inflation has wreaked havoc on many household budgets in 2022, as prices jumped a whopping 9.1% on a year-over-year basis in June. As most Americans can't even adequately fill up an emergency fund,...
Victims of the Los Angeles wildfires, likely the costliest in U.S. history, are seizing upon a unique California legal doctrine that allows them to collect from their power utility if its ...
The legal remedy is effective when the suffering party is economically more benefit if there exists a monetary damage or compensation consequence to perform [6] although the objective of these remedies is not to punish the defendant or the breaching party. [6] "Adequate Remedy" is legal remedies that suffice the defendant to pay the loss of the ...