For the purposes of this chapter, the following words and phrases shall have the meaning stated below:
(1) Competent forum.— Every court with legal authority in the Commonwealth of Puerto Rico, at the federal, state level or of any other jurisdiction of the United States of America.
(2) Natural person.— Any person defined as such in any applicable law, including the Civil Code of Puerto Rico, and including but not limited to every president, vice president, director, executive director, or every member of a board of officials or a board of directors, or a person who performs equivalent functions.
(3) Juridical person.— Includes corporations, professional corporations, civil and mercantile partnerships, special partnerships, cooperatives and any other entity defined as such in any applicable law, associations, partnerships or de facto corporations, including those constituted for these purposes by an alter ego of the juridical person or subsidiaries thereof.
(4) Immediate economic damage.— Refers to the quantification, in its monetary equivalent, of the damages produced by the defendant through a negligent, culpable or illegal act or omission dealt with in this chapter, while propitiating the consummation of the illegitimate objective.
(5) Negligent act or omission.— For the effects of this chapter, shall mean the gross deviation from the standards of care that a prudent and reasonable person should exercise if found in the place of the defendant.
History —June 13, 2001, No. 36, § 1.