A defendant runs a red light and causes permanent injuries to a plaintiff. The plaintiff suffers a huge loss,
estimated at $500,000 over the course of the plaintiff's lifetime. Why might the plaintiff settle his or her claim
against the defendant for pennies on the dollar (say $10,000)?

Question

07-11-2021
Law

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A defendant runs a red light and causes permanent injuries to a plaintiff. The plaintiff suffers a huge loss,
estimated at $500,000 over the course of the plaintiff's lifetime. Why might the plaintiff settle his or her claim
against the defendant for pennies on the dollar (say $10,000)?

Sagot :

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Jayilych4realidn Jayilych4realidn · Answer 1 · 2022-04-05T06:23:53-04:00

The main reason why the plaintiff might settle his or her claim against the defendant for pennies on the dollar (say $10,000) is that the plaintiff would want to avoid a protracted court case.

What is an Out of Court Settlement?

This refers to the formal agreement to resolve a case outside of the court's jurisdiction in order to pay for damages usually and avoid a protracted court case.

Hence, we can note that the estimated damages to the plaintiff which is about $500,000 in the lifetime of the plaintiff is a large sum and might not be paid, which would make the plaintiff want an out-of-court settlement to collect a sum of about $10,000.

Read more about out-of-court settlement here:

https://brainly.com/question/2783258

Sagot :

What is an Out of Court Settlement?

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