Compensatory damages - Study guides, Class notes & Summaries

Loss exposure Any condition or situation that presents a possibility of loss, whether or not an actual loss occurs. Cause of loss (peril) The actual means by which property is damaged or destroyed. Property loss exposure A condition that presents the possibility that a person or an organization will sustain a loss resulting from damage (including destruction, taken, or loss of use) to property in which that person or organization has a financial interest. Real property (r...

Back Pay - ️️The monetary relief to reimburse wages and/or benefits lost as a result of unlawful discrimination or wrongful termination;; Wages the employee would have earned but for the unlawful treatment by the employer minus any amount the employee was able to earn in the interim Americans with Disabilities Act ADA - ️️A federal statute that protects disabled (physical or mental) individuals from employment discrimination and requires employers to offer reasonable accommodations...

Bona Fide Occupational Qualification BFOQ - ️️A job requirement that permits an employer to discriminate legally based on sex, age, religion, national origin, or physical or mental condition - The requirement must be carefully justified and based on actual job needs not stereotypes Base Rate - ️️The rate per unit of insurance that is based on criteria specific to a particular line of coverage and that is a component of a PLI rating plan used to determine PLI premiums, before premiu...

Parents of a 4-year-old child discovered the child has been chewing and swallowing imported toy figurines that have tested positive for lead. Which blood test should the care team prioritize? - Answer- Red blood cell (RBC) levels The nurse is conducting a physical assessment of a homeless man during a night when the wind chill factor is -10°F (-23°C). When assessing the man's fingers and toes for frostbite, the nurse looks for which type of cellular injury? - Answer- Hypoxic A nurse is ...

What are the purposes of tort law? correct answers - Appeasement - Justice - Deterrence - Social Insurance A tort's purpose it to make guilty party pay Appeasement correct answers the purpose of the law is to limit the negative impact of the infliction of injury to the event of the injury itself Justice correct answers Ethical retribution and Ethical compensation Ethical retribution correct answers places emphasis on the fact that the payment of compensation is harmful to the tor...

Inception/Expiration Date correct answers an insurance policy covers the insured starting at 12:01am on the day on which coverage begins and expires at 12:01am on the expiration day of the policy. Occurrence Date correct answers Date of which the loss occurred Identification of parties involved correct answers The loss report should include the names and addresses of the parties involved in the loss, the names and addresses of any injured person(s) and the names and addresses of any witnes...

Ohio Real Estate Exam test bank Questions with answers 2023May a consumer who has been harmed by a licensee acting under her license as a real estate salesperson or broker immediately file a claim for payment from the Real Estate Recovery Fund? CORRECT ANSWER: No, the consumer must file a lawsuit, get a final judgment, and attempt to collect A listing agreement in which the agent may possibly be in competition with the client to see who can sell the house first is an exclusive CORRECT A...

What is the name given to the collection of written decisions? Case Law Explain the concept of the Rule of Precedent. Current court decisions must follow those made in cases having similar circumstances, which allows the development of a logical body of general principles against which specific cases to be compared. Explain the meaning of the term "damages". Compensation in money for the loss or damage suffered. Compensatory damages for bodily injury are an amalgamation of general and sp...

Crime - Answer An act committed or omitted in violation of a law forbidding or commanding it and for which punishment is imposed upon conviction. Burden of Proof for Criminal Liability - Answer Prove beyond a reasonable doubt that the accused did commit the act and did so willfully and with intent. Torts - Answer A private or civil wrong, other than a breach of contract, in which the action of one person causes injury to the person or property of another in violation of a legal duty ...

Back Pay correct answers The court may award back pay to a successful plaintiff Front Pay correct answers Monetary damages awarded to a plaintiff instead of reinstatement or hiring compensatory and punitive damages correct answers If the plaintiff can demonstrate that a private sector defendant has engaged in a discriminatory practice with malice or reckless indifference to the federally protected rights of an individual, the plaintiff can recover compensatory and punitive damages, subject...