Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

loss of bargain

Read a random definition: moving part

A quick definition of loss of bargain:

Loss of bargain: When someone breaks a promise or does something wrong that stops a business deal from happening, it's called a loss of bargain. This means that the person who was supposed to buy or sell something can't do it anymore, and they might lose money because of it. They can sue the person who caused the loss of bargain to get back the money they lost.

A more thorough explanation:

Definition: The loss of bargain is when a sale or business deal cannot be completed due to someone else's wrongdoing, such as a breach of contract, intentional interference with one's business, or negligence. This results in monetary damages that can be determined in a lawsuit.

Example 1: John agrees to sell his car to Jane for $10,000. However, on the day of the sale, John decides not to sell the car to Jane. This is a breach of contract, and Jane can sue John for the loss of bargain.

Example 2: Sarah owns a bakery and has a contract with a supplier to provide her with flour every week. However, the supplier fails to deliver the flour on time, causing Sarah to lose business and money. Sarah can sue the supplier for the loss of bargain.

These examples illustrate how the loss of bargain can occur when one party fails to fulfill their obligations in a business deal, causing the other party to suffer financial losses. In both cases, the injured party can seek compensation through a lawsuit.

literary property | M'Naughten rule

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
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
LSD+ is ad-free, with DMs, discounts, case briefs & more.