Tennessee Clauses Relating to Defaults, Default Remedies
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Fraud ? Treble Damages. In civil actions, in which the prevailing party proves fraud relative to a contract for future services under this part, the prevailing party shall receive treble damages together with attorneys' fees, costs and interest.
In general, punitive damages are capped at the greater of two times the amount of compensatory damages or $500,000, and the cap is lifted if there is specific intent to inflict serious physical injury; the defendant intentionally falsified, destroyed, or concealed records of evidence to avoid liability; the defendant ...
Treble damages are intended to be punitive in order to deter others from committing the same offense and are three times the compensatory damages awarded. Treble Damages are based on actual damages, and will not triple the value of other damages.
§ 47-18-5101 et seq.) Tennessee's price gouging laws make it unlawful for individuals and businesses to charge unreasonable prices for essential goods and services, including gasoline, in direct response to a disaster regardless of whether the emergency occurred in Tennessee or elsewhere.
Punitive damages ? Damages assessed in order to punish the defendant for outrageous conduct.
The law does not limit the amount of economic damages a victim can recover. The limits on damages in Tennessee are: Non-economic damages: $750,000 per person. Non-economic damages in catastrophic injury cases: $1 million per person.