Washington Jury Instruction — 5.1 Inflation And Calculation Of Below — Market Discount Rate is a legal guideline provided to juries in the state of Washington. This instruction is relevant to cases involving the calculation of damages or compensation, particularly when factoring in inflation and below-market discount rates. It assists juries in understanding how these financial considerations can affect the final award. Inflation is a crucial economic factor that affects the purchasing power of money over time. Juries need to consider inflation when determining damages, as the value of money can erode due to rising prices. The instruction helps juries to factor in the impact of inflation when quantifying damages accurately. Additionally, the instruction addresses the concept of below-market discount rate. In some cases, plaintiffs may seek damages for future losses or expenses that are projected to occur over an extended period. Calculating the present value of these future financial obligations requires using a discount rate. A below-market discount rate might be used when evaluating damages, but it should reflect the realistic returns that could be earned from alternative investments. Different types or variations of Washington Jury Instruction — 5.1 Inflation And Calculation Of Below — Market Discount Rate may include: 1. Standard Instruction: This is the primary instruction provided to juries, outlining the essential elements associated with the inflation factor and below-market discount rate. It covers the general principles that need to be considered in calculating future losses accurately. 2. Specific Instruction — Inflation: This instruction provides detailed guidance on how to factor in inflation when determining damages. It may include examples and formulas to help juries make accurate calculations. 3. Specific Instruction — Below-Market Discount Rate: This instruction delves into the methodology and considerations involved in applying a below-market discount rate. It may explain factors such as the expected rate of return, risks associated with alternative investments, and the selection of an appropriate discount rate. 4. Composite Instruction: In some cases, juries may receive a combined instruction that covers both inflation and below-market discount rate considerations in a single instruction. This consolidated instruction helps juries understand the interplay between these factors and how they relate to the determination of damages. In summary, Washington Jury Instruction — 5.1 Inflation And Calculation Of Below — Market Discount Rate provides juries with clear guidance on accounting for inflation and below-market discount rates when determining damages. This instruction ensures that juries approach their calculations in a fair and equitable manner, allowing for accurate awards that consider future financial needs and the impact of economic factors.
Washington Jury Instruction - 5.1 Inflation And Calculation Of Below - Market Discount Rate
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PATTERN JURY INSTRUCTIONS WHICH PROVIDE A BODY OF BRIEF, UNIFORM INSTRUCTIONS THAT FULLY STATE THE LAW WITHOUT NEEDLESS REPETION ARE PRESENTED; BASIC, SPECIAL, OFFENSE, AND TRIAL INSTRUCTIONS ARE INCLUDED.
The judge will advise the jury that it is the sole judge of the facts and of the credibility (believability) of witnesses. He or she will note that the jurors are to base their conclusions on the evidence as presented in the trial, and that the opening and closing arguments of the lawyers are not evidence.
Jury instructions are instructions for jury deliberation that are written by the judge and given to the jury. At trial, jury deliberation occurs after evidence is presented and closing arguments are made.
WPIC 2.13 Malice?Maliciously?Definition. Malice and maliciously mean an evil intent, wish, or design to vex, annoy, or injure another person. [Malice may be, but is not required to be, inferred from an act done in willful disregard of the rights of another.]
The pattern instructions are not authoritative primary sources of the law; rather, they restate otherwise existing law for jurors. The pattern instructions do not receive advance approval from any court, although they are often treated as ?persuasive.? See, e.g., State v. Mills, 116 Wn.
Pattern Jury Instr. Civ. WPI 15.01 (7th ed.) The term ?proximate cause? means a cause which in a direct sequence [unbroken by any superseding cause,] produces the [injury] [event] complained of and without which such [injury] [event] would not have happened.