Punitive Damages

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August 31, 2024 5 min read Definitions
Exemplary Damages: Understanding Punitive Damages
Law Economics Legal Terms Punitive Damages Compensation Deterrence Tort Law
Exemplary damages, also known as punitive damages, are a type of compensation awarded in legal cases to punish the defendant and deter future misconduct.
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August 31, 2024 4 min read Definitions
Tort vs. Contract Remedies: Key Differences and Applications
Law Legal Studies Tort Contract Remedies Compensatory Damages Punitive Damages
A detailed comparison between tort remedies and contract remedies, focusing on their definitions, types, and applications.
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August 25, 2024 4 min read Definitions
Punitive Damages: Compensation in Excess of Actual Damages
Law Finance Punitive Damages Legal Compensation Tort Law Malicious Conduct Taxation
Punitive damages are a form of monetary compensation awarded in legal cases involving malicious and willful misconduct. They are meant to punish the wrongdoer and provide reparation to the injured party, though they are typically taxable unless related to physical injury or sickness.
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