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Special Issues on Compensatory Damages

Special Issues on Compensatory Damages

This lesson will address the effect of time and taxes on compensatory damages; nominal damages in tort and contract cases; contractual limitations on damages; and remittitur and additur.

Transcript

This video will discuss various topics concerning compensatory damages, including the effects of inflation and taxes on future damages; nominal damages; contractual limitations on damages; and remittitur and additur of damages awarded by juries.

I.               Effects of Inflation and Taxes on Compensatory Damages

Plaintiffs sometimes seek future damages, such as lost long-term profits in a breach-of-contract case or lost...