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Legal Definitions - litis aestimatio
Definition of litis aestimatio
Litis aestimatio refers to the judicial process of determining the monetary value of the harm or loss suffered by a party in a legal dispute. Essentially, it is the court's assessment and calculation of the financial compensation, or damages, that should be awarded to make the injured party whole again.
Here are some examples to illustrate this concept:
Example 1: Property Damage Claim
Imagine a situation where a construction company accidentally damages a neighboring business's building during an excavation project, causing structural issues and requiring extensive repairs. If the business sues the construction company, the court would engage in litis aestimatio. The judge would carefully evaluate evidence such as repair estimates, expert appraisals of the property's diminished value, and any lost income the business suffered during the repair period, to arrive at a precise monetary figure for the damages owed.
This illustrates litis aestimatio because the court is making a judicial estimate of the financial measure of the harm (the damaged building and lost income) to determine the appropriate compensation.
Example 2: Breach of Contract
Consider a scenario where a catering company is hired to provide food and services for a large corporate event but fails to show up, forcing the corporation to hastily arrange an expensive last-minute alternative. The corporation then sues the catering company for breach of contract. The court would perform a litis aestimatio by calculating the additional costs incurred by the corporation for the replacement catering, any lost business opportunities directly resulting from the disruption, and potentially other related expenses, to quantify the financial loss caused by the breach.
Here, litis aestimatio is the court's action of estimating the financial damages that resulted from the catering company's failure to fulfill its contractual obligations.
Example 3: Personal Injury Lawsuit
Suppose an individual is severely injured in a car accident caused by a negligent driver, leading to significant medical bills, lost wages from being unable to work, and ongoing pain and suffering. When the injured individual sues the negligent driver, the court will undertake a litis aestimatio. This involves assessing all quantifiable losses, such as past and future medical expenses, lost earnings, and a monetary value for non-economic damages like pain, suffering, and emotional distress, to determine the total amount of compensation due to the victim.
This example demonstrates litis aestimatio as the court's role in estimating the full scope of financial and non-financial harm suffered by the accident victim and translating that into a monetary award.
Simple Definition
Litis aestimatio is a Latin term originating from Roman law.
It refers to the judicial estimate of damages, meaning the court's process of determining the monetary value of the harm or loss suffered by a party in a legal dispute.