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What is Understanding Actual and Compensatory Damages about?
Actual or compensatory damages are awarded to compensate the aggrieved party for proven monetary losses. They must be proven with reasonable certainty through competent evidence. Actual damages include both damnum emergens, which are actual losses suffered, and lucrum cessans, which is loss of prospective profits. Various factors are considered when determining the amount of actual damages recoverable.
- Author
- Yannah Hidalgo
- Language
- EN