Damages Flashcards
what types of losses can be claimed for?
Pecuniary losses (financial loss)
Non-Pecuniary losses (non-financial losses)
What are pecuniary losses?
a financial loss
e.g. loss of wages, cost of repairs
what are non-pecuniary losses?
loss that is not losing money/being out of pocket.
e.g. loss of amenity, pain, injury itself, mental distress
What are the two ways losses can be covered?
Special damages
General damages
What are special damages?
Used to compensate fixed preliminary losses already suffered.
used for known pecuniary losses.
what are general damages?
used to compensate for future earning losses.
used for future pecuniary and non-pecuniary losses.
What are the two ways to get paid?
Lump sum
Periodical payments
What is a lump sum?
A one time large payment, used for special damages.
What are periodical payments?
Compensation by installments is used when damages are high and can be amended by court.
Used for general damages.