Punitive damages are always awarded in connection with other damages, they are never awarded separately. In general, they provide a means of imposing further punishments on the criminal for their actions. Let me help you understand the punitive damages meaning.
Let NoBroker manage your property and stay safe from legal issuesWhat are punitive damages?
In addition to compensatory damages, a person who is held liable for committing a crime or violation may also be required to pay punitive damages. When compensatory damages are found to be insufficient, they are granted by a court of law.
Punitive damages are intended to punish offenders whose actions are considered to be willfully or severely irresponsible. It refers to the excess of compensating the harmed party. They are also called exemplary damages. Because they are meant to set an example to prevent others from performing similar conduct.
Facts about the punitive damages real estate:
In addition to compensatory damages, a person who is held liable for breaking the law or violation may also be required to pay punitive damages.
They are given out by a court of law, not to compensate hurt victims, but to punish offenders whose actions are deemed to be willfully or excessively irresponsible.
It helps to prevent the defendant and others from committing similar crimes in the future.
It is intended that the criminal would be forced to pay a sum that exceeds compensatory damages.
Punitive Damages Case:
You can imagine a corporation that sells nutritional supplements and promotes them as all-natural and secure. You as a consumer then consume the vitamins and feel terribly unwell. Your doctor concludes that the illness was caused by a reaction between the supplements and your prescribed medication.
You as a client launched a civil complaint against the weight loss company. They should have realised the supplements would interact with prescription drugs and should have warned about these dangers. You are seeking compensation for their medical costs and lost wages. The court rules in your favour and grants punitive penalties. It is to discourage the business from engaging in the same behaviour as well as compensatory damages to reimburse your costs.
This way you can understand the punitive damages meaning.
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What are punitive damages?
Sonam
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2022-06-23T14:31:39+00:00 2022-06-23T14:31:40+00:00Comment
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