loss of bargain rule — The concept that the amount of damages to be paid to a party in a breach of contract case should be sufficient to put that party in the position that it would have been in if the contract had been fully performed by both parties. Category:… … Law dictionary
loss-of-bargain rule — n. The concept that damages for breach of contract should put the plaintiff in the position he or she would have enjoyed if the contract had been fully performed. Webster s New World Law Dictionary. Susan Ellis Wild. 2000 … Law dictionary
loss of bargain — The inability to complete a sale or other business deal, caused by a party s breach of contract, negligence or other wrongdoing. The amount of damages to be paid can be determined in a lawsuit … Business law dictionary
loss — is a generic and relative term. It signifies the act of losing or the thing lost; it is not a word of limited, hard and fast meaning and has been held synonymous with, or equivalent to, damage , damages , deprivation , detriment , injury , and… … Black's law dictionary
loss — is a generic and relative term. It signifies the act of losing or the thing lost; it is not a word of limited, hard and fast meaning and has been held synonymous with, or equivalent to, damage , damages , deprivation , detriment , injury , and… … Black's law dictionary
loss — n 1: physical, emotional, or esp. economic harm or damage sustained: as a: decrease in value, capital, or amount compare gain b: an amount by which the cost of something (as goods or services) exceeds the selling price compare … Law dictionary
Loss of chance in English law — refers to a particular problem of causation, which arises in tort and contract. The law is invited to assess hypothetical outcomes, either affecting the claimant or a third party, where the defendant s breach of contract or of the duty of care… … Wikipedia
Bargain — Bar gain, v. t. [imp. & p. p. {Bargained} (?); p. pr. & vb. n. {Bargaining}.] To transfer for a consideration; to barter; to trade; as, to bargain one horse for another. [1913 Webster] {To bargain away}, to dispose of in a bargain; usually with a … The Collaborative International Dictionary of English
Loss leader — A loss leader or leader [ [http://www.bartleby.com/61/46/L0084600.html Leader] , The American Heritage Dictionary of the English Language: Fourth Edition , Houghton Mifflin Company, 2000.] (also called a key value item in the United Kingdom) is a … Wikipedia
benefit of the bargain — benefit of the bargain: the advantage that would be or have been gained under a contract if completed as agreed; specif: the difference between the actual value of property and the value of property as it is represented in case of… … Law dictionary