- reliance loss
- reliance loss noun (law)The loss incurred by the plaintiff in a breach of contract action due to relying on the defendant's promise to enter into the contract• • •Main Entry: ↑rely
Useful english dictionary. 2012.
reliance loss
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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
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
reliance — In tort for deceit, it is necessary for plaintiff to prove that he relied on misrepresentation though such misrepresentation need not be the sole or even dominant reason for acting if it was a substantial factor in the plaintiffs decision. For… … Black's law dictionary
wasted expenditure — Also known as reliance loss. 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 to… … Law dictionary
damages — I noun amends, compensation, costs, expenses, expiation, fine, indemnification, indemnity, injury, just compensation, legal costs, legal liability, loss, penalty, recompense, recovery, reimbursement, remuneration for injury suffered, reparation,… … Law dictionary
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
claimant — claim·ant / klā mənt/ n: one that asserts a claim esp. formally Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. claimant I … Law dictionary
tortious measure of damages — Damages awarded in respect of a tort. Such damages aim to put the injured party back in the position he was in before the tort occurred. In tort, the claimant cannot recover expectation loss. But as the aim of tortious damages is to put the… … Law dictionary
South African contract law — is essentially a modernised version of the Roman Dutch law of contract, [1] which is itself rooted in Roman law. In the broadest definition, a contract is an agreement entered into by two or more parties with the serious intention of creating a… … Wikipedia
china — /chuy neuh/, n. 1. a translucent ceramic material, biscuit fired at a high temperature, its glaze fired at a low temperature. 2. any porcelain ware. 3. plates, cups, saucers, etc., collectively. 4. figurines made of porcelain or ceramic material … Universalium
