ACTUAL DAMAGE Meaning and
Definition
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Actual damage refers to the real and measurable loss or harm caused to a person, property, or interest, as a direct result of an incident or wrongdoing. It is a legal concept commonly used in various jurisdictions, particularly in the context of tort law and contract law.
In tort law, actual damages are monetary compensation awarded to a plaintiff to compensate for the harm suffered. These damages aim to restore the plaintiff to the position they were in before the incident occurred. They are meant to cover tangible losses such as medical expenses, property damage, and lost wages. Actual damages are determined based on the actual costs incurred and can be supported by evidence such as receipts, invoices, and expert testimony.
In contract law, actual damages refer to the true financial losses suffered by a party due to a breach of contract by the other party. These damages are awarded to compensate for the specific losses experienced as a result of the breach. Examples of actual damages in contract disputes include the cost of replacing defective goods, lost business opportunities, and expenses incurred to rectify the breach. The injured party must provide evidence of the specific financial impact caused by the breach to obtain actual damages.
In summary, actual damage refers to the quantifiable and verifiable loss or harm suffered by an individual or entity as a direct consequence of wrongdoing, breach of contract, or another legal violation.
Common Misspellings for ACTUAL DAMAGE
- aactual damages
- a ctual damages
- ac tual damages
- zctual damage
- sctual damage
- wctual damage
- qctual damage
- axtual damage
- avtual damage
- aftual damage
- adtual damage
- acrual damage
- acfual damage
- acgual damage
- acyual damage
- ac6ual damage
- ac5ual damage
- actyal damage
- acthal damage
- actjal damage
Etymology of ACTUAL DAMAGE
The word "actual" originated from the Latin word "actualis", which means "existing in reality" or "real". It is derived from the Latin word "actus", which means "a doing, a performance". The word "damage" has its roots in the Old French word "damages", which came from the Latin word "damnum", meaning "harm" or "loss". Therefore, the phrase "actual damage" refers to real or tangible harm or loss that has been incurred.
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