This year, it is important to understand the six damages that may be awarded in Philippine laws. Knowing the types of damages that can be awarded is essential for anyone involved in a legal dispute.
Actual or compensatory damages are the most common type of damages awarded in Philippine laws. These damages are intended to compensate the injured party for the actual loss or injury they have suffered. This type of damage is usually awarded to cover medical expenses, lost wages, and other expenses incurred due to the injury or loss.
Moral damages are awarded to compensate the injured party for any emotional distress or mental anguish caused by the injury or loss. This type of damage is intended to compensate the injured party for any pain and suffering they have experienced.
Exemplary or corrective damages are awarded to punish the wrongdoer and to deter similar behavior in the future. This type of damage is usually awarded in cases of gross negligence or willful misconduct.
Liquidated damages are damages that are specified in a contract between two parties. These damages are usually awarded when one party breaches the contract.
Nominal damages are awarded when the court finds that a wrong has been committed, but there is no actual injury or loss. This type of damage is usually awarded to recognize the wrong that has been done.
Temperate or moderate damages are awarded when the court finds that the injury or loss is not severe enough to warrant actual or compensatory damages. This type of damage is intended to compensate the injured party for the inconvenience caused by the injury or loss.
Understanding the six damages that may be awarded in Philippine laws is essential for anyone involved in a legal dispute. Knowing the types of damages that can be awarded can help parties resolve their disputes in a timely and cost-effective manner.
