Punitive Damages Are Not Recoverable in Cases of Actual Fraud

question 59

True/False

Punitive damages are not recoverable in cases of actual fraud.

---

Definitions:

Guilty Act

Refers to the actus reus in criminal law, which is the physical act or unlawful omission leading to a crime.

Larceny

The unlawful taking, attempting to take, carrying, leading, or riding away of another person’s property with intent to permanently deprive the rightful owner of the property.

United States v. Park

A significant case in which the U.S. Supreme Court held that a corporate officer could be held criminally liable under the Federal Food, Drug, and Cosmetic Act for failing to prevent or remedy violations of its provisions.

Corporate Executives

Individuals who hold senior management positions within a corporation, responsible for making major corporate decisions.