What are the 5 types of damages?
There are six different types of damages: compensatory, incidental, consequential, nominal, liquidated, and (sometimes) punitive.
What are the types of damage?
The damages can be of the following types:
- 1] Ordinary damages.
- 2] Special Damages.
- 3] Vindictive or Exemplary Damages.
- 4] Nominal Damages.
- 5] Damages for Deterioration caused by Delay.
- 6] Pre-fixed damages.
What are general damages?
Damages that arise directly and inevitably from a breach of contract. In other words, those damages that would be theoretically suffered by every injured party under these circumstances.
What does damages mean in law?
damages, in law, money compensation for loss or injury caused by the wrongful act of another. Recovery of damages is the objective of most civil litigation.
What are examples of general damages?
Examples of general damages include: physical pain and suffering (compensation for being in pain); physical injury or impairment (disfigurement or disability); mental pain and anguish (trauma, stress and anxiety); diminished quality of life (relying on others, lack of mobility, etc.); loss of companionship and support …
What are the four types of damages?
One of the most common remedies comes in the form of damages, or monetary awards, which are further broken down into four general categories.
- Compensatory Damages. Compensatory damages (or “actual damages”) are specifically meant to make up for the plaintiff’s losses.
- Punitive Damages.
- Liquidation Damages.
- Nominal Damages.
What are the 4 sources of damages?
Damages Awarded under Philippine Law
- Actual or compensatory Damages.
- Moral Damages.
- Exemplary or corrective Damages.
- Liquidated Damages.
- Nominal Damages.
- Temperate or moderate Damages.
What is an example of general damages?
What are ordinary damages?
Damages that emerge in the ordinary course of occasions from the breach of agreement are called ordinary damages. Damages emerging out of characteristic and probable results of break of agreement are likewise viewed as an ordinary damage.
What is the meaning of physical damage?
Physical Damage means any tangible injury to a Property, whether caused by accident, natural occurrence, or any other reason, including damage caused by defects in construction, land subsidence, earth movement or slippage, fire, flood, earthquake, riot, vandalism or any Environmental Condition. Sample 1.
What is damage and example?
The definition of damage is injury or harm to a person or thing that reduces health, value or usefulness. An example of damage is a shattered hip that needs replacement. An example of damage is a chair that’s been broken. An example of damage is the devastation after a tornado.