Examlex
What is the objective of separation?
Compensatory Damages
Monetary compensation awarded to reimburse a plaintiff for actual losses suffered due to a defendant's wrongdoing.
Punitive Damages
Financial compensation awarded to a plaintiff to punish the defendant for egregious misconduct and deter future similar acts.
Mitigate Damages
A legal principle requiring a party suffering loss to take reasonable action to minimize the extent of the damage resulting from a breach of contract or tort.
Consequential Damages
Refers to damages that are not directly caused by a breach of contract but result from the particular circumstances of the plaintiff.
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