Case Study: Parrish And Heimbecker Limited In Canada
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Introduction
The company selected for this research is the Parrish & Heimbecker Limited in Canada, the reason this company was selected for this research is that as they are a family own business and have been able to sustain it for over a 100 years, they implement the Canadian employment act, their offer letter seems in line with the pecuniary and non pecuniary terms, as the employment act frowns upon discrimination of any kind in the work place, so pecuniary and non pecuniary issues that may arise are properly handled, examples will be giving in this assignment. This is a Canadian grain company having over 1300 employees across Canada and even in the northern parts of the united state. Feed milling, transportation and logistics, flour milling,…show more content… It also state that the following concepts are associated with it, pecuniary injury, pecuniary advantage, pecuniary damages, pecuniary gain, pecuniary legacy, pecuniary interest, , pecuniary profit, pecuniary loss. (farlex)
The word pecuniary originated from the Latin word pecūniārius around 1495-1505. As a legal term, pecuniary translates to a large extent something that is in the form of money. People can have a pecuniary significance in something, implicating that their interest can be measured in money. (Kippersluis, 2009) The same applies for violation of a certain law or decree may have a pecuniary punishment, rather than jail time. In addition, people are awarded pecuniary damages every day in civil lawsuits across the country. (Dew)
Pecuniary damages
Seeing that the word “pecuniary” means “of, relating to, or consisting of money”, pecuniary damages are equally losses which can be quantified in monetary terms: (Damages: Assessment,…show more content… (Ashgar Ali, Ali Mohamed)
Similarity and differences of pecuniary and non-pecuniary
Pecuniary damages are easier to forecast than non-pecuniary damages because they are measurable. Documentation is necessary to prove your pecuniary losses when filing a personal injury claim
Non-Pecuniary Losses can be Difficult to