This document discusses different types of damages and obligations. It provides 10 examples of fortuitous events that can affect fulfilling obligations such as earthquakes, fires, and floods. It also defines different types of damages including compensatory damages with medical expenses as an example, incidental damages using hardware malfunctions, and consequential damages involving property damage and personal injury. Finally, it shares a personal anecdote about a friend borrowing a laptop and having to pay damages when he crashed the software.
This document discusses different types of damages and obligations. It provides 10 examples of fortuitous events that can affect fulfilling obligations such as earthquakes, fires, and floods. It also defines different types of damages including compensatory damages with medical expenses as an example, incidental damages using hardware malfunctions, and consequential damages involving property damage and personal injury. Finally, it shares a personal anecdote about a friend borrowing a laptop and having to pay damages when he crashed the software.
This document discusses different types of damages and obligations. It provides 10 examples of fortuitous events that can affect fulfilling obligations such as earthquakes, fires, and floods. It also defines different types of damages including compensatory damages with medical expenses as an example, incidental damages using hardware malfunctions, and consequential damages involving property damage and personal injury. Finally, it shares a personal anecdote about a friend borrowing a laptop and having to pay damages when he crashed the software.
1. List down 10 examples of Fortuitous 5. Liquidated Damages
events that affects the fulfillment of one's - A contractor who gets charged daily until obligation the job is finished because they failed to 1. Earthquake finish a project on schedule. - An individual pays a thousand-dollar bill 2. Tornado one day late. He is responsible for an 3. Fire additional $10 in liquidated damages in this case. 4. Flood 5. Landslide 3. State any story or personal experience 6. Explosion that you know or may have encountered 7. Typhoon that involves paying or fulfillment of obligation on damages either by you or 8. Lightning Strike other people. 9. Airplane Crash One time, when my friend borrowed my laptop. 10. Volcanic Eruption He accidentally did something that causes the laptop to crash its software. He apologized and lend me some money for the fixation and the 2. State different kinds of damages and give damages of my laptop that he caused. at least 2 examples for each. 1. Compensatory Damage - Medical treatments - Rehabilitation Expenses 2. Incidental Damages - Months after the purchase, the laptop's hardware malfunctions. - Months after the purchase, the television's hardware malfunctions. 3. Consequential Damage - Property Damage - Personal Injury 4. Nominal Damage - The merchant didn't lose a sale when one customer pulled out. - When a person has been injured but hasn't actually lost anything as a result of the improper conduct