skaðabótaskylda
Skaðabótaskylda is a legal concept in Icelandic law that translates to liability for damages. It is the principle that a party who causes harm or loss to another is legally obligated to compensate the injured party for that harm. This obligation arises from various sources, including tort law, contract law, and statutory provisions.
In tort law, skaðabótaskylda typically applies when an individual or entity acts negligently or intentionally in
In contract law, skaðabótaskylda can arise when a party breaches a contractual agreement, leading to financial
Furthermore, certain statutes impose liability for damages in specific situations, such as environmental damage or product