What is the Upper Limit in a Material Damages Lawsuit?
Material damages are compensation claimed when a person suffers financial loss. The basis of a material damages lawsuit is the compensation for the financial loss incurred. The causes that lead to a person suffering financial loss are defined as tort (haksız fiil) and breach of contract. Tort refers to causing damage to a person by acting contrary to the Law of Obligations. A person who causes financial loss to another person by acting contrary to a contract may also be ordered to pay material damages.
Upper Limit in Material Damages
In cases of material damages arising from tort or breach of contract, the amount of compensation will be equal to the damage suffered by the person. No one has the right to claim compensation exceeding the material damage they have suffered. The amount of material damages should not be an amount that encourages the victim to become rich. It is not possible to get rich by obtaining material damages. In a material damages lawsuit, the amount must be equivalent to the damage suffered. The amount of compensation should be equal to the amount of damage suffered. Claiming less compensation than the amount of damage suffered is also not appropriate in terms of fairness.
