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some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
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Warning
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LSDefine
Simple English definitions for legal terms
single-recovery rule
Read a random definition: fiduciary
A quick definition of single-recovery rule:
Single-Recovery Rule: This rule means that when someone is owed money from multiple sources, they can only recover the full amount once. It is also known as the One-Satisfaction Rule. For example, if someone is owed $100 from two different people, they can only receive $100 total, not $200.
A more thorough explanation:
The single-recovery rule is also known as the one-satisfaction rule. It is a legal principle that states that a plaintiff can only recover damages once for a single harm or injury. This means that if a plaintiff has already received compensation for a particular injury, they cannot recover damages for the same injury again.
For example, if a person is injured in a car accident and receives compensation from the at-fault driver's insurance company, they cannot then sue the driver for additional damages for the same injury. The single-recovery rule prevents double recovery for the same harm.
Another example is if a person is injured on the job and receives workers' compensation benefits, they cannot then sue their employer for the same injury. The single-recovery rule applies in this case as well.
The single-recovery rule is important because it ensures that plaintiffs are not overcompensated for their injuries. It also helps to prevent multiple lawsuits for the same harm, which can be time-consuming and costly for all parties involved.