Types of Compensatory damages
How many types of Compensatory damages? Explain?
Expert
Compensatory damages are of two types:
1. Special:
Special damages compensate the victim for out-of-pocket expenses that are fairly easy to quantify, e.g., medical bills, the cost of repairing a car, or actual lost wages.
2. General damages:
General damages include more speculative items like future loss of earnings due to disability and non-pecuniary (non-monetary) losses such as awards for pain as well as distress, failure in enjoyment of life, also loss of life expectation.
1. GML owns 92% of the issued shares in Explorer Ltd. The remaining 8% of the shares are held by five individuals, including a Mr Owen who owns 0.5% of the issued shares. Mr Owen is a high profile individual who has at times been critical of the Chinese government’s activities in the South China
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