G Was Injured in a Car Wreck

question 47

True/False

G was injured in a car wreck.He sued the driver of the other automobile and was awarded $10,000 for personal injury.In addition, he was awarded $3,000 as punitive damages.G must report $3,000 as income.

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Definitions:

Duty To Mitigate

The legal obligation to make reasonable efforts to minimize the damage caused by a breach of contract or other wrongful act.

Damages

Compensation sought or awarded in a legal process for loss or injury that has been suffered by an individual or entity.

Sublessee

An individual or entity that rents or leases property from a lessee rather than directly from the original owner.

Routine Care

Basic or regular maintenance or treatment that is provided for the normal and everyday healthcare needs.