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Simple English definitions for legal terms

diminution-in-value method

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A quick definition of diminution-in-value method:

The diminution-in-value method is a way to figure out how much money someone should get if someone else breaks a promise. It works by looking at how much less something is worth because of the broken promise.

A more thorough explanation:

The diminution-in-value method is a way of calculating damages for breach of contract. It is based on the idea that the breach has caused a reduction in market value.

For example, let's say that a contractor agrees to build a house for a homeowner. The contract specifies that the house will have four bedrooms, but the contractor only builds three. The homeowner can use the diminution-in-value method to calculate damages by determining the difference in market value between a three-bedroom house and a four-bedroom house in the same neighborhood.

Another example would be if a car dealership sells a car to a customer, but fails to disclose that the car has been in a major accident. The customer can use the diminution-in-value method to calculate damages by determining the difference in market value between a car that has been in a major accident and a car that has not.

These examples illustrate how the diminution-in-value method can be used to calculate damages in cases where the breach of contract has caused a reduction in market value.

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TGM
18:39
@texaslawhopefully: alas, haven’t even gotten an interview (applied around thanksgiving)
18:39
Yeah I would delay as long as you have plausible deniability
TGM
18:40
I actually do have a transcript issue that registrar needs to resolve, should I say that
TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
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hey yall
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im premed idk why im here
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we’re like cool and sexy and fun I get it
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Dkk
18:50
Med law easy done
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.
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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
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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
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president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
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Bill Clinton, first and last black president
windyMagician
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I want to go running but my leg feels weird
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it doesn't hurt its just tingly
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It needs more alcohol. You tingle when your nerves need watering.
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try stretching it maybe to see what's up
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stretches make me think it's just soreness
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I'm sober lol
Dkk
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Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
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