Question

Why do we discount tort damages to the date of injury?

Why do we discount tort damages to the date of injury?

Homework Answers

Answer #1

In tort damages another party has to suffer loss which results in lawful accountability for the individual who commits the act. The tort damage is measured in terms of recent market value of the destroyed property which is also the cost of repairing. The discount for damages will be paid mostly at the location where incident occurred. This happens in order to not deviate from the fair market value of the damage which is very much likely to change in the future.

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