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LSDefine

Simple English definitions for legal terms

consequential loss

Read a random definition: incorporation doctrine

A quick definition of consequential loss:

Consequential loss is a type of loss that happens because of damage, rather than the damage itself. For example, if a flood damages a house, the consequential loss could be the cost of temporary housing while the house is being repaired. This type of loss is different from direct loss, which happens immediately because of an event. Consequential loss can be proximate, meaning it's a natural and probable effect of the damage, or remote, meaning it's not a direct result of the damage.

A more thorough explanation:

Consequential loss is a type of loss that arises from the results of damage rather than from the damage itself. It is also known as an indirect loss or consequential injury. This type of loss is different from direct loss, which results immediately and proximately from an event.

  • If a factory is damaged by a fire, the direct loss would be the cost of repairing or replacing the damaged property. However, the consequential loss would be the loss of income from the factory being out of operation during the repair period.
  • If a car is damaged in an accident, the direct loss would be the cost of repairing or replacing the car. However, the consequential loss would be the loss of use of the car during the repair period.

These examples illustrate how consequential loss is a result of the damage rather than the damage itself. It is important to consider both direct and consequential losses when assessing the impact of an event or risk.

consequentialism | conservation

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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