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0:14
YouTube
Law Theory
Read Description | Compensation in Law | Legal principle | Liquidited and Unliquidated damages |
Compensation in law : Given when a loss can't be undone. • Either pre-decided by parties in contracts (liquidated damages) or fixed by courts (unliquidated damages). • Usually paid in money, calculated according to the loss suffered by the injured person. • Aim : To place the injured person, as far as possible, in the position they were ...
781 views
1 month ago
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