BUSINESS ADMINISTRATION
BUSINESS LAW
Question
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Detailed explanation-1: -Damages which aim to strip from a wrongdoer gains made by committing a wrong or breaching a contract. The benefit gained by the wrongdoer may exceed the detriment or loss to the person wronged.
Detailed explanation-2: -Restitution is the act of giving back to a person something that was lost or stolen, or of paying them money for the loss. [formal] The victims are demanding full restitution.
Detailed explanation-3: -The Restitution Process (Fraud and/or Financial crimes) In federal court, a convicted offender may be ordered to reimburse victims for financial losses incurred due to the offender’s crime.
Detailed explanation-4: -Examples of restitution might include a shoplifter who is ordered to repay a store owner for the cost of a stolen item, or an assailant who must pay for their victim’s medical expenses after a violent assault. In homicide cases, restitution can even cover funeral costs.