Examlex
What is substantive representation?
Reformation
A legal process to correct or modify an existing contract or document to accurately reflect the parties' intentions due to errors or misunderstandings.
Consequential Damages
Compensatory damages awarded in a lawsuit for losses that do not directly arise from the action but are a consequence of the action.
Policy Limits
The maximum amount an insurance company will pay under a policy for a covered loss.
Punitive Damages
Financial compensation awarded to a plaintiff that goes beyond what is necessary to compensate for losses and is intended to punish the defendant for egregious behavior.
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