Term
| Definition: legal wrong done to another person |
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Definition
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Term
| a.Regardless of fault, your insurance pays for damages so it’s a quicker and more certain compensation at less cost |
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Definition
| No fault compensation plans for automobile accidents |
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Term
| a.In an auto accident caused primarily caused by a poverty stricken driver, and secondarily by an insured one, the insured one will pay the total damages regardless of fault |
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Definition
| 1.Abolition or modification of joint and several liability |
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Term
| A maximum amount of money is established in tort cases |
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Definition
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Term
a.Makes the loser of the lawsuit pay the winner’s legal fees
i.Discourages lawyers for stirring up unnecessary litigation |
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Definition
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Term
a.Compensatory Damages directly related to the legal injury suffered-SO compensentory damages are just enough money to repair what was done? (eg: fix a car that was crashed into)
b.Punitive Damages are awarded if the injury was done on purpose – prevents repeat of action in future
c.Proposing a reduction of Punitive Damages – put a cap on them |
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Definition
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Term
| a.Refers to the legal responsibility of manufacturers and producers for damages or injuries caused by the use of a defective product |
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Definition
| 1.Reform of Product’s Liability Laws |
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