Ginger Attacks Richard and Cuts Him with a Knife

question 210

Multiple Choice

Ginger attacks Richard and cuts him with a knife. He sues Ginger. The jury awards Richard $50,000 for medical expenses and lost time at work and adds $100,000 to the award because Ginger was so vicious. The $50,000 is called:

• A) punitive damages
• B) compensatory damages
• C) nominal damages
• D) an equitable remedy
• E) none of the other choices

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Definitions:

Discount Rate

In the context of discounted cash flow analysis, it's the rate used to determine the present market value of anticipated cash flows.

Payments

The transfer of money, or its equivalent, from one party to another as a fulfillment of an obligation or for the purchase of goods or services.

Yearly

Relating to or happening every year; annual.

Borrow

The act of receiving something with the intention of returning it or its equivalent to the owner at a later date.