Provide a Description of the Factors to Be Considered by a Court

question 53

Short Answer

Provide a description of the factors to be considered by a court when making a determination with respect to a compensatory award for cost of future care. Briefly explain how a court will arrive at the amount of compensation that should properly awarded to the plaintiff for a cost of future care award.

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Definitions:

Latent Defects

Hidden or concealed flaws in property or goods that are not readily observable or discoverable through reasonable inspection.

Variable Rate Mortgage

A type of mortgage where the interest rate can change, based on an index or an agreement between the lender and borrower.

Mortgage Reform and Anti-Predatory Lending Act

A legislative act aimed at curbing predatory lending practices in the mortgage industry, ensuring fair and transparent loan terms for borrowers.

Truth-in-Lending Act

Legislation from the federal government in the United States intended to support the well-informed utilization of consumer credit by mandating the disclosure of its conditions and costs.