You are responsible for the loss that could foreseeably result from your negligence, so that would probably include the dog escaping and getting hit by a car. But: you are only liable for the amount of the damages that you caused. That means the cost of repair, up to the value of the property. Suppose you had borrowed your friends car and damaged it and the cost of repair was $1,000 and the car was worth $10,000; you would be liable for $1,000. But, if the cost of repair was $3,000 and the car was worth only $2,000 you would be liable for only $2,000 because they could buy an undamaged car of the value of the one you wrecked. So, what is the value of the dog? How much would it cost to buy a dog of the same breed, age and health of the one that was injured? If it's less than $2,000 that is the extent of your liability.
Answered on Jan 06th, 2012 at 2:59 PM