In an action by a personal property owner against the lienholder for wrongful conversion of the property covered by the lien, the property owner is generally only entitled to recover the excess of the fair market value of the property over the amount of the debt for which it was security.
Wyoming Instruction to Jury Regarding Damages for Conversion by Lien holder is a set of guidelines and instructions provided to the jury in a court case involving the conversion of property by a lien holder. This instruction provides detailed explanations of the law and principles that the jury must consider when determining the damages payable by the defendant. Keywords: Wyoming, instruction to jury, damages, conversion, lien holder In cases of conversion by a lien holder, the damage suffered by the plaintiff must be fairly compensated. The Wyoming Instruction to Jury Regarding Damages for Conversion by Lien holder stresses that the determination of damages should be based on the actual loss suffered by the plaintiff. There can be different types of Wyoming Instruction to Jury Regarding Damages for Conversion by Lien holder, including: 1. General Instruction: This instruction provides a general overview of the relevant law and principles regarding damages for conversion by a lien holder. It guides the jury on the factors to be considered and the standard of proof required to establish the damages. 2. Calculation of Actual Damages: This instruction focuses on the calculation of actual damages suffered by the plaintiff due to the conversion by a lien holder. It may provide guidelines on how to assess the fair market value of the converted property, including any depreciation or reduction in value. 3. Punitive Damages: In certain cases, the Wyoming courts may allow the jury to consider awarding punitive damages against the lien holder. This instruction provides guidelines on when and how punitive damages can be awarded and the factors to be considered in determining the amount. 4. Mitigation of Damages: This instruction explains the concept of mitigation of damages to the jury. It informs them that the plaintiff has a duty to take reasonable steps to minimize the damages suffered as a result of the conversion. The jury will need to consider whether the plaintiff fulfilled this duty when determining the final damages. 5. Evidence of Damages: This instruction emphasizes the type of evidence that can be considered by the jury when calculating damages. It may include testimony from expert witnesses, market research, invoices, receipts, or any other relevant evidence that helps establish the value of the converted property. Overall, the Wyoming Instruction to Jury Regarding Damages for Conversion by Lien holder guides the jury to carefully evaluate the evidence presented during the trial and make an informed decision on the appropriate damages to be awarded to the plaintiff.
