What factors will be considered in assessing the value of a person's lost or impaired asset?
British Columbia, Canada
The following excerpt is from Gill v Dhaliwal, 2021 BCSC 1562 (CanLII):
The types of factors to be taken into account were identified by Finch J., as he then was, in Brown v. Golaiy, supra: The means by which the value of the lost, or impaired, asset is to be assessed varies of course from case to case. Some of the considerations to take into account in making that assessment include whether: 1. The plaintiff has been rendered less capable overall from earning income from all types of employment; 2. The plaintiff is less marketable or attractive as an employee to potential employers; 3. The plaintiff has lost the ability to take advantage of all job opportunities which might otherwise have been open to him, had he not been injured; and 4. The plaintiff is less valuable to himself as a person capable of earning income in a competitive labour market. (at p. 4)
"The most advanced legal research software ever built."
The above passage should not be considered legal advice. Reliable answers to complex legal questions require comprehensive research memos. To learn more visit www.alexi.com.
Other Questions
What is the test for assessing the value of a person's lost or impaired asset? (British Columbia, Canada)
What is the test for assessing the value of a person’s lost or impaired asset? (British Columbia, Canada)
What factors have been applied to assess the value of a lost or impaired asset? (British Columbia, Canada)
Is a husband's contribution to a business considered a family asset in determining if the business asset is a business asset? (British Columbia, Canada)
What are the factors used in assessing whether a plaintiff has suffered a loss or impairment of his capital asset, the ability to earn income? (British Columbia, Canada)
What factors must be considered when assessing credibility in a credibility assessment? (British Columbia, Canada)
How have courts in BC considered factors relevant to the consideration of the first factor in a plaintiff's refusal to accept an offer to settle? (British Columbia, Canada)
What factors must be considered by the court in assessing the credibility of a witness? (British Columbia, Canada)
What factors have been added to the list of factors that a plaintiff must consider in determining the severity of a motor vehicle accident? (British Columbia, Canada)
What is the test for calculating a loss of pecuniary value in a personal injury assessment? (British Columbia, Canada)
