Satisfaction and Release, Contribution and Indemnity Flashcards
What is Satisfaction of Tort Damages owed?
Recovery of full payment is a satisfaction, only one of which is allowed. Until there is satisfaction, one may proceed against all jointly liable parties.
What is a Release of Tort Damages owed?
Typically, a release of one tortfeasor does not discharge other tortfeasors unless it is expressly provided for in the release agreement.
What is the rule of Contribution?
The rule of contribution allows any tortfeasor who is required to pay more than his share of the damages to pursue a claim against the other jointly liable parties for the excess paid.
What is the rule of Indemnity?
Indemnity involves shifting the entire loss between or among tortfeasors, and is available:
(1) where provided by contract;
(2) where one party is vicariously liable for the other;
(3) in strict products liability cases; and
(4) sometimes where there is an identifiable difference in degree of fault.
When are Punitive damages recoverable?
Punitive damages are only recoverable if the Defendant’s conduct was malicious or willful
What are the four requirements before recovering tort damages?
Tort Damages must be:
(1) Causal (causation is established)
(2) Foreseeable (harm was within the zone of danger posed by breach)
(3) Reasonably Certain (damages are calculable)
(4) Unavoidable (required to mitigate losses)