Question

The United States common-law system requires the amount of damages awarded to a claimant in a liability claim to compensate the claimant for loss incurred as of the

Select one:

A. Date of loss.

B. Date the claim is reported.

C. Settlement date.

D. Trial date.

Answer 1

In the U.S. common-law system, damages in a liability claim are based on the Date of loss, compensating the claimant for losses incurred at that time rather than at any later date.

Step-by-step explanation:

The question posed is related to the United States common-law system and pertains to the timing of the assessment of damages in a liability claim. In the context of the U.S. legal system, the amount of damages awarded to a claimant is based on the loss as of the Date of loss.

This means the calculation of damages is intended to compensate the injured party for losses incurred at the time the injury or loss actually occurred, and not at any subsequent date such as when the claim is reported, the settlement date, or the trial date.