contractual loss
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Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • contractual measure of damages — Damages awarded for breach of contract. The principle of such an award is that the claimant is entitled to be put into the position as if the contract had been performed. Damages for breach of contract are subject to the principles of remoteness …   Law dictionary

  • Loss of chance in English law — refers to a particular problem of causation, which arises in tort and contract. The law is invited to assess hypothetical outcomes, either affecting the claimant or a third party, where the defendant s breach of contract or of the duty of care… …   Wikipedia

  • loss — The opposite of gain. Bloomberg Financial Dictionary * * * loss loss [lɒs ǁ lɒːs] noun 1. [countable, uncountable] the fact of no longer having something that you used to have, or having less of it: • loss of earnings through illness ˈjob loss… …   Financial and business terms

  • contractual liability insurance — noun : insurance against loss due to liability assumed under a contract …   Useful english dictionary

  • economic loss — There are legal rules, which restrict recovery of compensation for financial loss which arises without intervening physical damage or personal injury where the only loss is economic. Easyform Glossary of Law Terms. UK law terms. economic loss …   Law dictionary

  • reliance loss — Also known as wasted expenditure. An alternative test for the award of damages for breach of contract. expectation loss is the normal measure for assessing damages for breach of contract. However, provided the innocent party has good reason not… …   Law dictionary

  • risk of loss — The responsibility a carrier, borrower, or user of property or goods assumes, or an insurance company agrees to cover, if there is damage or loss. Category: Business, LLCs & Corporations Category: Personal Finance & Retirement Category: Small… …   Law dictionary

  • expectation loss — The test for the award of damages in contract. Damages in contract seek to put the injured party in the position he would have been in had the contract been performed satisfactorily (that is, the innocent party may seek to recover profits which… …   Law dictionary

  • contributory negligence — see negligence Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. contributory negligence …   Law dictionary

  • causation — cau·sa·tion /kȯ zā shən/ n 1 a: the act or process of causing proof of objective causation of injury by the perpetrator Alan Freeman b: the act or agency that produces an effect evidence was presented on doctor s malpractice...for...proof of… …   Law dictionary

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