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11 Terms

1

2 types of loss

Pecuniary loss

Non-Pecuniary loss

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2

Pecuniary loss

Loss that can be easily calculated in money terms

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3

Non-pecuniary loss

Not wholly money based e.g. pain and suffering

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4

2 types of remedy

Compensatory damages

Induction

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5

Compensatory damages

Successful claimants get compensation for there suffering and dang to people or property

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6

Injunction

Order of the court to stop doing something, failure means it will be contempt of courts

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7

2 types of damages

Special damages

General damages

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8

Special damages

Amount which can be calculated specifically up to the date of trial or settlement

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9

General damages

Usually looking forward from the trial or settlement, based on pecuniary loss and evidence

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10

Mitigation of loss

Claimant is entitled to be compensated for their loss but at a reasonable level

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11

Damages Act 1996

Allows parties to settle claim for all or part of the damages to be paid in periodical payments.

Annuity through a fincial company

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