What are compensatory damages?
An example of an AI chatbot conversation about compensatory damages in legal contexts.
What are compensatory damages?
Compensatory damages are monetary awards given to a plaintiff to compensate for losses due to another party's actions.
Can you give me an example of compensatory damages?
Sure! If someone is injured in a car accident, they may receive compensatory damages for medical bills, lost wages, and pain and suffering.
How are these damages calculated?
They are typically calculated based on actual financial losses, including medical expenses, lost income, and sometimes emotional distress.
Are there limits to compensatory damages?
Yes, some jurisdictions impose caps on certain types of damages, especially in cases of medical malpractice or punitive damages.
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