profit lost

Law of Contract and Torts

Compensation for profit lost

According to the provisions of the Law of Contract and Torts, in addition to the right to compensation for ordinary damages, the injured party has the right to compensation in the form of profit lost. Common damage represents a decrease in an existing property. At the same time, the profit lost is damage reflected in…
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Law on Contracts and Torts

Indemnity for Damage to Property

The basic rules applicable to indemnity for damage to property are regulated by the provisions of the Law on Contracts and Torts (Articles from 185 to 198). By the provisions of Articel 185 of the Law on Contracts and Torts indemnity for damage to property is defined as re-establishing of the previous situation and an…
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The Law on Contract and Torts

Assumptions of liability for damages

Liability for damage exists if the following special conditions have been met: injured person and tort-feasor (subjects) harmful action damage unlawfulness of the tort-feasor’s action established causal link between undertaken harmful action and harmful consequence fault of tort-feasor. Assumptions of liability for damages vary depending on whether liability for damages based on the criterion of…
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