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Damage caps have various purposes; for instance, they can discourage malicious lawsuits and prevent the costs of transacting business from being overly inflated, but have also been criticized as unjust. [20] Many American jurisdictions with non-economic damage caps have defined non-economic damages by statute.
Well established doctrines in common law prevent a property owner from using force against an individual in a situation where the privilege of necessity would apply. While an individual may have a private necessity to use the land or property of another, that individual must compensate the owner for any damages caused. For example:
Out of 110,000 residential properties in Boulder County, the assessor says 25,000 property owners challenged their appeals. This made it harder for the tax assessment office to dig deep into each ...
Inverse condemnation is a legal concept and cause of action used by property owners when a governmental entity takes an action which damages or decreases the value of private property without obtaining ownership of the property through the use of eminent domain. Thus, unlike the typical eminent domain case, the property owner is the plaintiff ...
(The Center Square) – Colorado has over $2 billion in unclaimed property that it owes to millions of individuals. The funds are held by the Great Colorado Payback, the Colorado Department of ...
It reportedly took nearly seven years of negotiation and litigation for Attorney Henry Lung of Minneola, N.Y., to win a property damage arbitration award of $99,500 for his clients, who had a ...
Furthermore, the contracts usually require an indemnity to the owner against liabilities imposed upon the business for injuries and property damage arising out of the use, occupation or management of the property. Every contract contains covenants imposing responsibilities on one or other of the parties.
Sturgon said the town repurchased the homes for a reasonable price, but it's still not enough for them to stay in Colorado. Rebuying another home in the city is out of their price range, where the ...