The Punitive Damages System
Qi Fu
Abstract
Qi Fu
Abstract
Although punitive damages system has functions such as compensation, punishment and prevention, it has defects . Four methods are used to complete it by international society. They are: (1) higher certificating standard; (2) separating principle; (3) limited maximum amount; and(4) taxes levying. Due to some problems in the practice of punitive damages , the article analyses the application of the punitive damages system in China.
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Although punitive damages system has functions such as compensation, punishment and prevention, it has defects . Four methods are used to complete it by international society. They are: (1) higher certificating standard; (2) separating principle; (3) limited maximum amount; and(4) taxes levying. Due to some problems in the practice of punitive damages , the article analyses the application of the punitive damages system in China.
Key concepts: Punitive damages, Punishment (psychology), Compensation (psychology), Damages, China, Law, Political science, Psychology