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Simple English definitions for legal terms
Money Damages
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A quick definition of Money Damages:
Money Damages: Money damages are a type of compensation that is awarded to someone who has been hurt or suffered a loss. This compensation comes in the form of money and is meant to make up for the harm that was done. The amount of money awarded is not always clear and must be decided by a judge or jury based on the facts of the case.
A more thorough explanation:
Money damages refer to a type of compensation that is awarded in the form of money for some harm or injury caused to an individual. Unlike the amount requested in a money demand, the amount of money damages is not immediately apparent from the facts of the case and must be determined by the trier of fact.
- A person who has been injured in a car accident may seek money damages to cover medical expenses, lost wages, and pain and suffering.
- A business that has suffered financial losses due to a breach of contract may seek money damages to recover those losses.
These examples illustrate how money damages can be awarded to compensate for various types of harm or injury. In the first example, the injured person may be awarded money damages to cover the costs associated with their injuries and the impact it has had on their life. In the second example, the business may be awarded money damages to recover the financial losses they have suffered as a result of the breach of contract.