Entrepreneurship (4th Edition) View more editions Solutions for Chapter 12.1C Problem 1DQ. Problem 1DQ: You Make the Call: Can a Company Patent How It Makes a Peanu...
Proc., Â§ 377.34, punitive damage claims can survive the death of the injured party: but, in most situations, that is true only if the decedent survived the accident, however briefly, or if property of the decedent was damaged or lost before death.Grimshaw v. Ford Motor Co.(1981) 119 Cal.App.3d 757, 829.
Settlement for punitive damages in particular, cannot be excluded from gross income and are therefore taxable. In general, settlement received as a compensation for physical injury, viz. dismemberment, disfigurement or accidental death, and distress on account of physical injury is exempt from tax.