Quick Answer: What Are The Two Types Of Remedies?

What are remedies?

(Entry 1 of 2) 1 : a medicine, application, or treatment that relieves or cures a disease.

2 : something that corrects or counteracts.

3 : the legal means to recover a right or to prevent or obtain redress for a wrong..

What are the 3 remedies at law?

Monetary awards (called “damages”), specific performance, and restitution are the three principle remedies.

What is a personal remedy?

Personal Remedies Damages by way of compensation for breach of contract or tort may also include elements of restitution. The courts may grant a remedy by way of a personal order to repay and/or an order to return property.

What remedies are available for breach of fiduciary duty?

8.78 As a general principle there are two remedies the New South Wales company could seek: damages and injunctive relief. Relevant categories of damages include compensatory, aggravated, exemplary, nominal, contemptuous and equitable damages.

What is equitable compensation?

An award of equitable compensation is the outcome of the court’s process of compensating a plaintiff in respect of a breach of an equitable duty.

What is a statutory remedy?

In a civil lawsuit, statutory remedies are those damage recoveries which are set forth by a code section or statute. For example, in construction law, statutory remedies include mechanic’s liens, stop notices, and surety bonds…

What are the types of remedies?

Categorized according to their purpose, the four basic types of judicial remedies are (1) damages; (2) restitution; (3) coercive remedies; and (4) declaratory remedies. The remedy of damages is generally intended to compensate the injured party for any harm he or she has suffered.

Remedies in Law When compensatory damages are awarded, a court orders the person that breached the contract to pay the other person enough money to get what they were promised in the contract elsewhere. For example, suppose you hire and pay someone to clean your house for $100, but he is unable to do it.

What are the 3 types of damages?

The three types of damages that form the foundation of most civil lawsuits are compensatory, nominal, and punitive.

What is constructive trust in law?

A constructive trust is not an actual trust by the traditional definition. It is a legal fiction that is used as a remedy for unjust enrichment. Hence, there is no trustee, but the constructive trust orders the person who would otherwise be unjustly enriched to transfer the property to the intended party.

What is the remedy for tort?

Typically, a party seeking redress through tort law will ask for damages in the form of monetary compensation. Less common remedies include injunction and restitution. The boundaries of tort law are defined by common law and state statutory law.

How do you win a civil suit?

The standard is more relaxed in the civil justice system. Instead, the plaintiff must prove his case by a preponderance of the evidence. Under this standard, a plaintiff can prevail and win a civil case by showing that more likely than not everything he has said is true and he is entitled to a legal remedy.