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South Carolina caps punitive damages in personal injury settlements. These damages are limited to three times the value of compensatory damages or $500,000, whichever is higher.
Compensatory damages in South Carolina. Compensatory damages (sometimes called ?actual damages?) are intended to compensate the plaintiff for their losses caused by the defendant's actions.
A breach of contract is when one party to the contract doesn't do what they agreed. Breach of contract happens when one party to a valid contract fails to fulfill their side of the agreement. If a party doesn't do what the contract says they must do, the other party can sue.
4 Elements of a Breach of Contract Claim (and more) The existence of a contract; Performance by the plaintiff or some justification for nonperformance; Failure to perform the contract by the defendant; and, Resulting damages to the plaintiff.
To sue for breach of contract, you must be able to show: Prove that there was a contract in existence ? It would need to be proven that a legally binding contract was in place and that it had been breached.
Examples of a breach of contract include the following: A party communicates his or her intent to not comply with the contract. A party refuses to perform his or her obligations under the contract. A party violates a material term of the contract.
Contract actions in South Carolina are time-barred after three years has passed. S.C. Code Ann. § 15-3-530 provides that ?an action upon contract, obligation, or liability, express or implied?? must be brought within three years of the time the cause of action accrues.
In South Carolina, a breach of contract is one party failing to perform his or her obligations ing to an agreement. From here, the law looks towards whether the breach was ?material?, which is defined as a substantial or serious breach that frustrates the entire purpose of the agreement.