Remedies: Compensatory - A money award equivalent to the actual value of injuries or damages sustained by the aggrieved party. When a contract has been breached‚ the court orders the party that breached to pay the amount of direct losses done to innocent party. Consequential - Special damges that compensate for a loss that is not direct or immediate (for example‚ lost profits0. The special damages must have been reasonably foreseeable at the time the breach or injury occurred in order
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a court’s estimate or award of a sum as a fine for breach of a contract or of a statutory duty. Types of damages include (1) General: damages that are presumed in law and follow indirectly from a wrong. They need not be specifically-claimed or proved to have been sustained‚ and are awarded also where an injury or loss (such as physical pain and mental anguish) cannot be precisely estimated. (2) Special (or specific): damages that are not presumed in law and are a direct result of an action or injury‚ such as loss
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normal manner on a paved path without any serious obstacles. Regardless of the proper use the claimant’s son (Daan) fell through the floor of the trolley‚ hurting his head and back‚ suffering from a concussion and a severe injury‚ a broken arm. The monetary burden of the medical costs caused by these injuries amounts to €2500. Additional costs have occurred on a rate of €1500 per month‚ amounting to €4500 during three months. These costs are caused by the fact that the claimant’s wife has been traumatized
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the plaintiff has a right to compensation or compensatory damages. Compensatory damages are monetary awards equivalent to the actual value of injuries or damages sustained by the aggrieved party. There is no need to show the defendant acted out of malice because the person could have not been serious and just joking. The underlying motive does not matter but it is the intent to bring harm or offensive contact with someone. The damages a plaintiff may be
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Effects of the current divergent monetary policies of the Fed and ECB on FOREX and capital flows International Money 1. Introduction It’s the end of April 2011 and the world seems to be turning upside down. The current never-ending financial crisis started with bad mortgage debt‚ spread to bad bank debt‚ carried over into bad agency debt‚ and now encompasses bad sovereign debt. On top of everything‚ natural disasters like the recent Japanese earthquake are putting even more pressure on
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IN THE SUPREME COURT OF INDIA CIVIL APPELLATE JURISDICTION SPECIAL LEAVE PETITION (NO.) 22337 OF 2008 IN THE MATTER OF: BAR COUNCIL OF INDIA … PETITIONER … RESPONDENTS VERSUS BONNIE FOI LAW COLLEGE & ORS. ____________________________________________________ FINAL REPORT OF THE 3-MEMBER COMMITTEE ON REFORM OF LEGAL EDUCATION ____________________________________________________ Pursuant to orders of the Supreme Court dated June 29‚ 2009 and October 6‚ 2009 and as approved
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The State Bank of Vietnam a snapshot of monetary policy during 2011 – 2013 in reviews ABSTRACT: Using the data and analytical works collected from a public domain which including printed and online newspapers‚ financial magazines and public reports on the monetary policy of the State Bank of Vietnam during 2011 to 2013‚ this study provide a snap‐shot of the Vietnam Economy in the views of monetary policy. The students is also provides analytical works where these
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The uk government sets monetary policy by adjusting the funds rate. This affects other short-term and long-term rates‚ including credit-card rates and mortgages. Governments define fiscal policy by setting taxation levels and writing legislation and regulation for everything from health care to the environment. Fiscal and monetary policy changes can affect businesses directly and indirectly‚ although competitive factors and management execution are also important factors. Businesses go through
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Contracts Contracts are an important part of everyday life. They are an essential part of business. As a student of a business law class‚ I will discuss in this paper several aspects of contracts. This paper will give a definition of a contract and the essential elements necessary to form a valid contract. It will briefly discuss breach of contract and the difference between a material breach and a nonmaterial breach of contract. Examples of legal and equitable remedies available for breach
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How monetary policy can raise the level of aggregate demand in the short run. Introduction Monetary policy is the process by which the monetary authority of a country controls the supply of money‚ usually targeting a rate of the interest for the purpose of promoting economic grown and stability. ( Wikipedia ) In the short run‚ monetary policy affects the lever of output as its compositions can also affects the lever of output. An increase in money leads to a decrease in interest rates and
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