Punitive DamagesPersonal InjuryCompensatory DamagesSince the adoption in 1919 of the Revenue Act of 1918, damages received on account of personal injuries or sickness have been excluded by statute from gross income.1 This exclusion, which does not apply to reimbursements for medical expenses for ...
Punitive damages are acategory of damagesthat tend to be a very important aspect of a personal injury case. Punitive damages are meant to punish wrongdoers for certain intentional, willful, or wanton acts. Punitive damages are limited in that they are not available in every case, but in cases...
It is hoped that making the perpetrator pay a sum stretching beyond compensatory damages will deter the defendant and others from committing similar misdeeds in the future. In the case of a personal injury claim, punitive damages may be added to compensatory damages, which cover the victim’smedi...
Punitive damages are a type of compensation that can be awarded in tort or personal injury lawsuits. The goal of punitive damages is to punish the behavior or the defendant, or to set an example for others. This differs from compensatory damages which specifically aim to compensate the victim ...
If the jury reaches the clear-and-convincing-evidence standard, then the amount of punitive damages could be "as innovative or as creative as a lawyer wants it to be," says Donald Schlapprizzi, a personal injury lawyer here. "Punitive damages is a punishment, and one of the measurements ...
The common law routinely allows the award of damages in civil suits to compensate the plaintiff. Punitive damages refer to the award of damages in civil suits to punish the defendant. Though the award of punitive damages outside the narrow class of dignitary torts is unusual in America and un...
In Texas, punitive damages are known as exemplary damages and are covered by a specific statute, which purports to govern all personal injury claims seeking punishment or punitive damages. The law is set forth in Texas Civil Practice and Remedies Code Section 41. The standards for obtaining ...
Punitive damages really violate the principle of equal compensation? The decision to compensatory damages is to achieve full compensation. In fact, the compensatory damages for the following reason can not be fully achieved the purpose of equal compensation for: (1) personal injury compensation can ...
Are punitive damages insurable? Punitive Damages: In the law, punitive damages refer to a result that can arise from a court decision. This results in one party having to pay the other party funds. It can come in addition to other damages awarded in a trial. ...
As a general rule,punitive damagesshould not be assessed against principal or master for an agent or servant's tortious acts.191While the principal may be liable for compensatory or actual damages, it is unfair to transfer or infuse the malicious, intentional, arbitrary, or capricious mental stat...