what is difference between damages and compensation?
Suchitra. S (Advocate) 01 March 2010
Damages mean, Monetary compensation that is awarded by a court in a civil action to an individual who has been injured through the wrongful conduct of another party.
Damages attempt to measure in financial terms the extent of harm a plaintiff has suffered because of a defendant's actions. Damages are distinguishable from costs, which are the expenses incurred as a result of bringing a lawsuit and which the court may order the losing party to pay. Damages also differ from the verdict, which is the final decision issued by a jury.
The purpose of damages is to restore an injured party to the position the party was in before being harmed. As a result, damages are generally regarded as remedial rather than preventive or punitive. However, Punitive Damages may be awarded for particular types of wrongful conduct. Before an individual can recover damages, the injury suffered must be one recognized by law as warranting redress, and must have actually been sustained by the individual.
The law recognizes three major categories of damages: Compensatory Damages, which are intended to restore what a plaintiff has lost as a result of a defendant's wrongful conduct; nominal damages, which consist of a small sum awarded to a plaintiff who has suffered no substantial loss or injury but has nevertheless experienced an invasion of rights; and punitive damages, which are awarded not to compensate a plaintiff for injury suffered but to penalize a defendant for particularly egregious, wrongful conduct. In specific situations, two other forms of damages may be awarded: treble and liquidated.
So, compensation is a way of paying damages.
Adinath@Avinash Patil (advocate) 01 March 2010
SUCHITRA VERY GOOD.
DR.SANAT KUMAR DASH (Eye Specialist) 01 March 2010
SUCHITRA IS RIGHT.
Sarvesh Kumar Sharma Advocate (Advocacy) 01 March 2010
well explain by suchitra ji.
Daksh (Student) 03 March 2010
Dear Ms.Suchitra S,
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Thank You Ms.Suchitra S for such though provoking condensed nicely presented enlightening post.
I request my other friends to come out of the shell and be generous in applauding the sincere and honest effort put forth by people like Ms.Suchitra S.
Best Regards
Daksh