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Compensatory DamagesCompensatory damages are intended to compensate the plaintiff of a lawsuit with enough money to cover the actual amount of the injury or loss. There are two basic types of compensatory damages, actual and general. Actual damages are intended to provide thPunitive DamagesPunitive damages, also known as exemplary damages, are awarded in addition to compensatory damages. Compensatory damages are intended to cover the plaintiff’s actual monetary losses while punitive damages are meant to punish the defendant's behavior and tStrict LiabilityStrict liability, also known as absolute liability, is the legal doctrine that assigns responsibility for damages or injuries even if the person or company that was responsible for the damage or injury was not at fault or negligent. Generally, most liabi