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Simple English definitions for legal terms

benefit-of-bargain rule

Read a random definition: DOHSA

A quick definition of benefit-of-bargain rule:

The benefit-of-bargain rule is a principle that says if someone breaks a contract or lies about something they are selling, the person who was hurt by it should be paid enough money to make up for what they lost. This means they should get the same amount of money they would have gotten if everything had gone according to plan. For example, if someone sells a car that they say is in perfect condition but it turns out to have a lot of problems, the buyer can ask for the difference between what they paid and what the car is actually worth. This is called the benefit-of-bargain rule.

A more thorough explanation:

The benefit-of-bargain rule is a principle that applies when a party breaches a contract or when a buyer is defrauded by a seller. It states that the aggrieved party should receive an amount that puts them in the same financial position they would have been in if the contract had been fully performed or if the seller had not committed fraud.

For example, if a person enters into a contract to purchase a car for $10,000, but the seller breaches the contract and fails to deliver the car, the buyer may be entitled to damages under the benefit-of-bargain rule. The damages would be the difference between the value of the car as represented in the contract and the actual value of the car. If the car was worth $12,000, the damages would be $2,000.

Similarly, if a seller fraudulently misrepresents the value of a property to a buyer, the buyer may be entitled to damages under the benefit-of-bargain rule. For example, if a seller tells a buyer that a property is worth $500,000 when it is actually worth $400,000, the buyer may be entitled to damages of $100,000.

Overall, the benefit-of-bargain rule is designed to ensure that parties are not unfairly disadvantaged by breaches of contract or fraudulent conduct.

benefit of an earlier filing date | benefit of cession

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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