"Fair" Mathematics in Assessing Delictual Damages

In assessing delictual damages the plaintiff is burdened with the duty to prove loss with a preponderance of probability, including uncertain future loss. In quantifying such a claim an actuary is often used to make actuarial calculations based on proven facts and realistic assumptions regarding the...

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Main Author: L Steynberg
Format: Article
Language:Afrikaans
Published: North-West University 2011-05-01
Series:Potchefstroom Electronic Law Journal
Subjects:
Online Access:http://www.nwu.ac.za/export/sites/default/nwu/p-per/issuepages/2011volume14no2.html/2011x14x2Steynbergart.pdf
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spelling doaj-a7105a178b0b43fa957285cef750d7da2020-11-25T03:04:36ZafrNorth-West UniversityPotchefstroom Electronic Law Journal1727-37812011-05-01142135"Fair" Mathematics in Assessing Delictual Damages L SteynbergIn assessing delictual damages the plaintiff is burdened with the duty to prove loss with a preponderance of probability, including uncertain future loss. In quantifying such a claim an actuary is often used to make actuarial calculations based on proven facts and realistic assumptions regarding the future. The role of the actuary is to guide the court in the calculations to be made. Relying on its wide judicial discretion the court will have the final say regarding the correctness of the assumptions on which these calculations are based. The court should give detailed reasons if any assumptions or parts of the calculations made by the actuary are rejected. It should preferably refrain from making its own calculations if an actuary is involved and should rather instruct the actuary to do recalculations if necessary. It does, however, fall within the wide discretion of the court to make a general contingency adjustment after the basic calculations have been accepted. In assessing delictual damages it is the duty of the court to ensure that both objective and subjective factors are considered in such a manner that the assessment may be regarded as an application of "fair" mathematics.http://www.nwu.ac.za/export/sites/default/nwu/p-per/issuepages/2011volume14no2.html/2011x14x2Steynbergart.pdfDelictual damagesactuaryexpert witnessevidenceburden of proofjudicial
collection DOAJ
language Afrikaans
format Article
sources DOAJ
author L Steynberg
spellingShingle L Steynberg
"Fair" Mathematics in Assessing Delictual Damages
Potchefstroom Electronic Law Journal
Delictual damages
actuary
expert witness
evidence
burden of proof
judicial
author_facet L Steynberg
author_sort L Steynberg
title "Fair" Mathematics in Assessing Delictual Damages
title_short "Fair" Mathematics in Assessing Delictual Damages
title_full "Fair" Mathematics in Assessing Delictual Damages
title_fullStr "Fair" Mathematics in Assessing Delictual Damages
title_full_unstemmed "Fair" Mathematics in Assessing Delictual Damages
title_sort "fair" mathematics in assessing delictual damages
publisher North-West University
series Potchefstroom Electronic Law Journal
issn 1727-3781
publishDate 2011-05-01
description In assessing delictual damages the plaintiff is burdened with the duty to prove loss with a preponderance of probability, including uncertain future loss. In quantifying such a claim an actuary is often used to make actuarial calculations based on proven facts and realistic assumptions regarding the future. The role of the actuary is to guide the court in the calculations to be made. Relying on its wide judicial discretion the court will have the final say regarding the correctness of the assumptions on which these calculations are based. The court should give detailed reasons if any assumptions or parts of the calculations made by the actuary are rejected. It should preferably refrain from making its own calculations if an actuary is involved and should rather instruct the actuary to do recalculations if necessary. It does, however, fall within the wide discretion of the court to make a general contingency adjustment after the basic calculations have been accepted. In assessing delictual damages it is the duty of the court to ensure that both objective and subjective factors are considered in such a manner that the assessment may be regarded as an application of "fair" mathematics.
topic Delictual damages
actuary
expert witness
evidence
burden of proof
judicial
url http://www.nwu.ac.za/export/sites/default/nwu/p-per/issuepages/2011volume14no2.html/2011x14x2Steynbergart.pdf
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