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Simple English definitions for legal terms

diminution-in-value method

Read a random definition: gremio legis, in

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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9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
soapy
9:43
USC still has not looked at my app
WorthlessAttractiveZombie
9:43
when did you submit soapy?
soapy
9:44
10/16
WorthlessAttractiveZombie
9:44
to be fair it took them almost 2 months for me to go under review
soapy
9:44
Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7
WorthlessAttractiveZombie
9:45
I have not had a date change either for Mich but I've seen people get in without one so who knows
I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw
soapy
9:46
But do people get in without addresses going long?
WorthlessAttractiveZombie
9:46
it's tough to tell because a lot of people type out their addresses long to begin with
soapy
9:46
Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that
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