MGMT 2000 Lecture Notes - Lecture 11: Respondeat Superior, Punitive Damages, Reasonable Person
18 Mar 2016
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Document Summary
Compensatory damages: monetary damages that a judge or jury awards the winning party in a lawsuit which are intended to pay the winning party for his or her actual (and proven) losses are called compensatory damages. Punitive damages: monetary damages awarded by a judge or jury in a civil lawsuit to the winning party to punish the losing party for engaging in reckless behavior are called punitive damages. These types of damages are not intended to compensate the winning party for his or her actual losses. Reasonable person standard: courts use a reasonable person standard to determine if a defendant in a tort lawsuit based on a claim of negligence failed to meet the legal duty of care he or she owed the defendant. A reasonable person is generally considered to be one who uses average care, skill and judgment under the circumstances presented in the case.
