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Simple English definitions for legal terms

benefit-of-bargain rule

Read a random definition: shaken-baby syndrome

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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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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