out-of-pocket-loss rule

out-of-pocket-loss rule
A rule of damages for fraud in misrepresentation of value, quality, or condition of property, that the defrauded party is entitled not to the benefit of the bargain, but only to the amount that he is "out-of-pocket" by reason of the fraud, which is the difference between the real value of the misrepresented property and the amount that he paid therefor. 37 Am J2d Fraud § 355; 55 Am J1st V & P § 573.

Ballentine's law dictionary. . 1998.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • out-of-pocket loss rule — See out of pocket loss …   Black's law dictionary

  • out-of-pocket loss — As measure of damages, is the difference between the value of what the purchaser parted with (i.e., the purchase price paid by him) and the value of what he has received (i.e., the actual market value of the goods). Otte v. Ron Tonkin Chevrolet… …   Black's law dictionary

  • loss — n 1: physical, emotional, or esp. economic harm or damage sustained: as a: decrease in value, capital, or amount compare gain b: an amount by which the cost of something (as goods or services) exceeds the selling price compare …   Law dictionary

  • Slide rule — For other uses, see Slide rule (disambiguation). A typical ten inch student slide rule (Pickett N902 T simplex trig). The slide rule, also known colloquially as a slipstick,[1] is a mechanical analog computer. The slide rule is used primarily for …   Wikipedia

  • One-pocket — The two lower corner pockets, one for each player throughout an entire game. One pocket (sometimes spelled one pocket, 1 pocket, etc.) is a two player (or team) pool (pocket billiards) game. The object of the game is to score points by …   Wikipedia

  • benefit-of-the-bargain rule — n. 1 In breach of contract cases, the principle that the aggrieved party is entitled from the party who breached the contract to everything that he would have received, including profits, if the breach had not occurred. 2 In cases involving fraud …   Law dictionary

  • Timeline of the 2011 Egyptian revolution under Hosni Mubarak's rule — This article is about timeline of the 2011 Egyptian revolution before Hosni Mubarak s resignation. For subsequent events, see Timeline of the 2011 Egyptian revolution under Supreme Council of the Armed Forces. Main article: Timeline of the 2011… …   Wikipedia

  • Three-ball — (or 3 ball , colloquially) is a pocket billiards folk game played with three standard pool Cuegloss|Object ball|object balls and a Cuegloss|Cue ball|cue ball. The goal is to Cuegloss|Pocket|pocket the three object balls in as few shots as… …   Wikipedia

  • baseball — /bays bawl /, n. 1. a game of ball between two nine player teams played usually for nine innings on a field that has as a focal point a diamond shaped infield with a home plate and three other bases, 90 ft. (27 m) apart, forming a circuit that… …   Universalium

  • publishing, history of — Introduction       an account of the selection, preparation, and marketing of printed matter from its origins in ancient times to the present. The activity has grown from small beginnings into a vast and complex industry responsible for the… …   Universalium

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”