Thursday, October 13, 2011

Damages

Damages

First of all Damages has a big relevance in law. In almost every case you need damages. If you speak about it, damages has the meaning of being an award of money to be paid to a person as compensation for loss or injury. Besides compensatory damages, called actual damages, are paid to compensate the claimant for loss, injury, or harm suffered as a result of another's breach of duty.

There are many of good examples for damages. A easy example is if person A breaks into the wealth sphere of person B and steal something valuable against the will of him. The result is a loss of person B which needs to be replaced by person A.

(Philipp Hartmann)

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