Define and Differentiate Between Compensatory Damages and Punitive Damages

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The Answer is Tort damages,which may be compensatory and/or punitive,generally attempt to restore the plaintiff to the same position he or she was in before the tort occurred.Compensatory damages,or actual damages,measure the cost to repair or replace an item or the decrease in market value caused by the tortuous conduct.Compensatory damages may also include compensation for medical expenses,lost wages,and pain and suffering.Punitive damages,also known as exemplary damages,may be awarded to punish the defendant and deter others from engaging in similar conduct.Punitive damages are awarded only in cases of outrageous misconduct.The amount of punitive damages may properly be based on the defendant's degree of culpability and wealth.

Define and Differentiate Between Compensatory Damages and Punitive Damages

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Define and Differentiate Between Compensatory Damages and Punitive Damages

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Correct Answer:VerifiedShow Answer

Correct Answer:
Verified