Arkansas Complaint for Accounting, Conversion, Damages Declaratory Judgment and for Specific
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How to fill out Complaint For Accounting, Conversion, Damages Declaratory Judgment And For Specific?
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FAQ
The tort of conversion is the exercise of dominion over property in violation of the rights of the owner or the person entitled to possession. Grayson v. Bank of Little Rock, 334 Ark.
Conversion damages refer to the monetary compensation that may be awarded to a person whose property has been converted (taken or used without permission).
The standard remedy for conversion is return of the property in question or damages for the fair market value of the property.
The exact measure of compensation due to a plaintiff whose goods have been wrongfully converted may be merely nominal if the wrong is technical and the defendant can return the goods; it may be limited to the actual damage where the goods can be returned, but the wrong is substantial; but in ordinary cases it is the ...
A plaintiff is entitled to damages equal to the full value of the chattel at the time and place of conversion. The measure of damages in conversion is the fair market value of the property at the time and place of the conversion.
The purpose of damages in a conversion case is to ?to compensate for the injury.? Where the measure of damages works an injustice, the court has ?the discretion required to fashion an equitable remedy.? The rule of damages for the tort of conversion is that a ?conversion should not unjustly enrich either the wrongdoer ...
