The Statute of Limitations limits the amount of time that a plaintiff may bring a lawsuit. If the plaintiff fails to bring his or her lawsuit within the time allowed by the Statute of Limitations, then the lawsuit is forever barred and the plaintiff may never recover.
Damages come in two distinctly different types. First, damages can be used to compensate a person for their loss – these are called compensatory damages. Second, damages can also be used to punish and deter those individuals who have a complete disregard for the consequences of their actions. These damages are called punitive damages. Although rare, a court can award punitive damages when the responsible party’s actions are intentional or wantonness.