Examlex
Net sales is sales revenue less sales returns and allowances and sales discounts.
Negligence Case
A Negligence Case involves a legal dispute where one party claims harm caused by another's failure to take reasonable care.
Types of Damages
Damages are monetary compensation awarded in civil litigation for loss or injury suffered by the plaintiff, and they can be classified into compensatory, punitive, special, and general damages.
Gross Negligence
A reckless disregard for the safety or lives of others, showing a substantial failure to perform any due diligence or take reasonable precautions.
Punitive Damages
Monetary compensation awarded to an aggrieved party, beyond actual damages, intended to punish the defendant and deter similar conduct.
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