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In 2016,the U.S.President declared a federal disaster in California due to wild fires.Helen lives in the affected area and lost her home in the fires.What choice does she have regarding when she can claim the loss on her tax return?
Quasi-Contract
A legal concept where a court enforces an obligation between parties as if they had entered into a contract, to prevent unjust enrichment.
Pari Delicto
A legal doctrine meaning "in equal fault," used to indicate that two or more parties are equally at fault for a wrong.
Unconscionable
Refers to an agreement or term within an agreement that is excessively unfair, oppressive, or unreasonable to one of the parties, often to the extent that it violates public policy.
Punitive Damages
Monetary compensation awarded to an injured party that goes beyond what is necessary to compensate for losses and is intended to punish the wrongdoer.
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