Definition - What does Exemplary Damages mean?
Exemplary damages are also known as punitive damages. This means damages awarded or requested during a lawsuit when the defendant’s acts (willful) are proven violent, malicious, fraudulent, oppressive, reckless, or wanton. Example of exemplary damages is when an ex-husband misuses the ex-wife’s property and also threatens to do the same to her other belongings.
Justipedia explains Exemplary Damages
The main aim behind awarding these type of damages is to set an example for public to try to prevent similar actions in future and also to punish the accused. They award the plaintiff for what he or she experienced. Exemplary damages are often requested, but seldom awarded.
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