"Uniformity of opinions among damages experts in a damages claim is not to be expected for three primary reasons." Briefly explain the reasons for inconsistencies in expert opinions
What will be an ideal response?
Uniformity of opinions among damages experts is not to be expected for three primary reasons:
• Economic damages calculations require the application of logic, which allows for multiple interpretations (there is more than one way to solve a problem).
• Damages are calculated for specific individuals or entities, with many unique attributes that may not be universally perceived or evaluated.
• A large component of economic damages is future damages, the calculation of which relies on projections of inherently uncertain future events.
You might also like to view...
Sylvia Sims became an agent for Paul with the power to sell goods furnished by Paul but with the requirement that Sims would guarantee payment to Paul for all credit sales made by Sims. Under the circumstances,
A. Sims is an agent coupled with an interest. B. The statute of frauds applies to the above arrangement regardless of the amount of sales Sims makes. C. Sims is a surety with regard to credit sales she makes on Paul's behalf. D. The relationship between Sims and Paul is subject to the federal Fair Labor Standards Act.
The researcher has an ethical responsibility to the client to develop a sampling design that is appropriate for controlling the sampling and nonsampling errors
Indicate whether the statement is true or false