Are there limits to the amount of damages that I can receive if I win a product liability lawsuit?

Yes, there are limits to the amount of damages that you can receive if you win a product liability lawsuit in South Carolina. The amount of damages you could potentially receive can vary depending on the specifics of the case and the statute of limitations involved. Generally, South Carolina law outlines the type and amount of damages that a court can award to a plaintiff who has been injured by a dangerous or defective product. Under South Carolina law, if a plaintiff can prove that a product caused an injury, they may be entitled to recover both economic and non-economic damages. Economic damages are designed to compensate the plaintiff for currently measurable financial expenses they have incurred, such as hospital bills, and lost wages due to their injury. Non-economic damages, on the other hand, are designed to compensate the plaintiff for non-monetary items such as pain and suffering, mental anguish, and loss of enjoyment. Although these types of damages can vary in amount, South Carolina law does place a cap or limit on the amount of damages that a plaintiff can receive from a product liability lawsuit. This cap is based on the size of the defendant’s company and typically ranges from $350,000 to $1.75 million. In addition to the cap on damages, there are also certain types of claims that are not covered under South Carolina’s product liability laws. These include claims related to purely economic losses, claims based on fraudulent misrepresentations, and claims based on a product’s failure to meet its ordinary consumer expectations.

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