Mississippi Jury Instruction - 2.1 Punitive Damages In General
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Punitive damage caps in Mississippi are determined in consideration of the net worth of the defendant, whether that party is a company, individual, or other entity. Punitive damage caps are generally set at 2% ? 4% depending on net worth.
Punitive damages are the payment that a defendant found guilty of committing a wrong or offense is ordered to pay on top of compensatory damages. They are awarded when compensatory damages?the money given to the injured party?are deemed to be insufficient. Punitive damages go beyond compensating the aggrieved party.
Ratio of Punitive to Compensatory Damages Appropriate, California Court Says.
There is no set formula for determining the amount of punitive damages in California. Punitive damages serve to deter future misconduct and punish the defendant. ?Punitive damages? also goes by the name ?exemplary damages?.
Punitive damages are damages that are awarded in addition to contemporary damages. They are awarded as punishment for the defendant's serious misconduct and as a means of deterring the defendant and others from such behavior.
A common example of punitive damages is drunk driving cases. In most cases, the plaintiff will receive the punitive damage awards, especially if they were directly injured by the defendant. Not every case will call for punitive damages. Punitive damages are primarily awarded in extreme cases.
What Are Punitive Damages? Punitive damages are also called ?exemplary damages,? which are damages assessed in the legal process to punish a defendant for negligence. The defendant is usually a company or other large entity.
Punitive damages are usually imposed to make an example of the negligent party to deter others from behaving in the same fashion or committing similar wrongful behavior.