17.73 Damages: Present Value of Future Damages is a legal term used to refer to the amount of money a plaintiff is owed for future losses as a result of another party’s negligence or breach of contract. It is calculated by determining the present value of all future damages that are expected to be incurred as a result of the incident. This calculation is based on several factors including the amount of future damages, the current rate of inflation, and the life expectancy of the injured party. There are two main types of 17.73 Damages: Present Value of Future Damages: General Damages and Special Damages. General Damages are the damages that are non-specific and are awarded based on the injured party’s pain and suffering, while Special Damages are those that are specific and are awarded based on the monetary losses the injured party has suffered.
17.73 Damages: Present Value of Future Damages is a legal term used to refer to the amount of money a plaintiff is owed for future losses as a result of another party’s negligence or breach of contract. It is calculated by determining the present value of all future damages that are expected to be incurred as a result of the incident. This calculation is based on several factors including the amount of future damages, the current rate of inflation, and the life expectancy of the injured party. There are two main types of 17.73 Damages: Present Value of Future Damages: General Damages and Special Damages. General Damages are the damages that are non-specific and are awarded based on the injured party’s pain and suffering, while Special Damages are those that are specific and are awarded based on the monetary losses the injured party has suffered.