What are compensatory damages?
An example of an AI chatbot conversation about compensatory damages in legal terms.
Can you explain what compensatory damages are?
Compensatory damages are monetary awards given to a plaintiff to compensate for losses suffered due to another party's actions.
What types of losses do compensatory damages cover?
They cover both economic losses, like medical expenses and lost wages, and non-economic losses, such as pain and suffering.
How are these damages calculated?
Calculations can vary, but they typically involve assessing the actual financial losses and estimating the value of non-economic damages.
Are there limits to how much I can receive in compensatory damages?
Yes, some jurisdictions impose caps on certain types of damages, especially non-economic ones, to limit the total compensation.
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