The measure of damages for conversion is the value of the property at the time of the conversion.41 when the converted asset has a fluctuating value, the measure of damages is the highest intermediate value of the converted property between the time of conversion and a reasonable time after the owner acquired knowledge of the. Claim for conversion because the true nature of the claim seeks the distribution of a specific bequest under a will, over which the delaware court of chancery has jurisdiction.6 further, defendant asserts that plaintiff’s claim for conversion must be dismissed pursuant to rule 12(b)(6) for failure to state a claim upon which In conversion the measure of damages is the full value of the chattel, at the time and place of the tort When the defendant satisfies the judgment in the action for conversion, title to the chattel passes to him, so that he is in effect required to buy it at a forced judicial sale. The tort of conversion subjects the wrongdoer to liability to the possessor for the entire value of the chattel in addition to any special damages resulting from the conversion This liability does not depend on the existence of the possessor’s responsibility to the owner for the loss of the chattel.
Conversion, a civil tort, occurs when someone wrongfully takes or retains another’s property, depriving the rightful owner of its use Victims can seek remedies to address their losses and deter future misconduct This article examines the relief available in a conversion lawsuit, clarifying how courts handle these claims Compensatory damages compensatory damages are meant to reimburse the.
OPEN
