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Simple English definitions for legal terms

benefit-of-bargain rule

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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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18:25
think it is safe to say it aint happenin today\
damn it was a slow day today
BulbasaurNoLikeCardio
18:26
I got a custom built Leftie ar15 I run suppressed, a regular ar15, a .270 axis savage bolt gun, xd9, xd40 and have my AR10 I run suppressed.
BulbasaurNoLikeCardio
18:26
I do not think we will see a wave until after thanksgiving. Adcoms will be nice and not ruin someones thanksgiving with an R
18:28
ruin my thanksgiving law schools uwu
PerpetualCheerfulBeaver
18:53
I really thought a texas schools wave was going to hit today...guess it will be December 1
7Rings
19:00
No news is good news 😜
PerpetualCheerfulBeaver
19:10
the mentality im embracing
ClassyPleasantHeron
19:23
You will see some A waves next week, just before Thanksgiving. Schools like to give people things to talk about over the holidays.
19:26
my predict monday berk from earlier td
snow
19:33
Oregon decision rendered…
snow
19:33
Bro why don’t they just tell me lol
damn ive been under review for a month and no movement, when did u apply snow?
snow
19:39
The day apps opened. I still don’t know what the decision is tho lol
Dang. Crossing my fingers for you!!
snow
19:41
Thank you!!
shaquilleoatmeal
19:44
Snow dude wtf you been
snow
19:46
Working! I was prepping for a trial but it got reset!
snow
19:47
Have you don your gulc interview?
JumpySubsequentDolphin
19:47
@snow: snow!!!! I’m in Oregon should I break into admissions office and demand your decision be sent
shaquilleoatmeal
19:49
Better to be prepared than not, otherwise it always happens when you don’t prep
shaquilleoatmeal
19:50
Yea did it a week and half ago, told us we won’t hear anything until end of December if we’re lucky, most likely first week of jan
shaquilleoatmeal
19:50
Said no one works after Monday this week and no one works week of Christmas
shaquilleoatmeal
19:50
So holiday takes time away from app review
snow
19:54
True @shaq and do it jumpy!!
20:06
Hi everyone! Decided a bit too late that I wanted to go into law. GPA currently stands at 3.76 (one more semester to go) and I'm interested in going into immigration law. Anybody got any advice for LSAT studying and applications? I plan on taking a gap year to have some time for internships and such :)
snow
20:08
Apply for the LSAT fee waiver to try to mitigate the cost of materials! 7Sage is $1 for a year if you have the fee waiver. I also think you should try to work in an immigration firm in some way to see if it’s something you really want to pursue and to add to your resume. Good luck!!! One tip I would also give is to not sign up for the LSAT until you’re practice tests average are around the score you’re aiming for
snow
20:08
Your*
snow
20:08
You got this! :)
madollyy
20:09
thank you snow <3
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