Remedy of compensatory damages Flashcards
What is pecuniary loss? and one example?
A loss that can be easily calculated in money terms.
example: cost of hiring a courtesy car.
A loss that can easily be counted in money terms is known as what?
Pecuniary loss.
What is the definition of non-pecuniary loss? and two examples?
A loss not wholly money based.
Examples: 1) pain and suffering as result of accident.
2) loss of amenity or a change in lifestyle like not being able to play sport.
A loss that is not wholly money based is known as what?
Non-pecuniary
What is the definition of ‘special damages’?
The pecuniary costs-Amounts which can be calculated up to the date of the trial or settlement.
What are the damages which can be calculated up to the date of the trial or settlement?
‘Special damages’
What is the definition of ‘general damages’?
Non pecuniary losses that go beyond the trial. Such as for pain and suffering, future loss of earnings etc.
What are the damages called that include non pecuniary loss beyond the date of the trial?
‘General damages’
What act allows for structured settlements to be set as a means of awarding damages?
Damages Act 1966
Damages Act 1966
Allows for structured settlements to be set.
This is to stop payments getting out of control if they were unlimited.
