What is COMPENSATORY AND EXEMPLARY DAMAGES?

Compensatory damages are such as will compensate the injured party for the injury sustained, and nothing more; such as will simply make good or replace the loss caused by the wrong or injury. McKnight v. Denny, 198 Pa. 323. 47 Atl. 970; Reid v. Terwilliger. 116 N. Y. 530, 22 N. E. 1091 ; Monongahela Nav. Co. v. U. S

More On This Topic



Link to This Definition
Did you find this definition of COMPENSATORY AND EXEMPLARY DAMAGES helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary