6 - DAMAGES 2025

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10 Terms

1

Actual or Compensatory Damages

Adequate compensation only for pecuniary loss suffered

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2

Special Damages

Natural but not necessarily aconsequence of the accident in question

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3

Per diem method

Estimated value of pain and suffering per day times the number of days the victim will suffer

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4

Golden Rule method

Call on the judge to determine how much the damages will be

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5

Exemplary or Corrective Damages

Awarded as punishment or deterrence

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6

Simple Imprudence

Lack of precaution displayed; Damage impending to be caused is not immediate nor the danger clearly manifest

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7

Reckless Imprudence

Voluntarily, but without malice, doing or failing to do an act from which material damage results

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8

Nominal Damages

Trifling sum awarded to the plaintiff in an action where there is no substantial loss or injury to be compensated

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9

Liquidated Damages

Those agreed by the parties to a contract, to be paid in case of breach thereof

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10

Temperate or Moderate Damages

Pecuniary loss hasbeen suffered but its amount cannot be proved with certainty

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