BENEFIT-OF-THE-BARGAIN RULE

BENEFIT-OF-THE-BARGAIN RULE

benefit-of-the-bargain rule.

1. The principle that a party who breaches a contract must pay the aggrieved party an amount that puts that person in the same financial position that would have resulted if the contract had been fully performed. [Cases: Damages 117.]

2. The principle that a defrauded buyer may recover from the seller as damages the difference between the value of the property as represented and the actual value received. ¡ª Also termed benefit-of-bargain rule. Cf. OUT-OF-POCKET RULE. [Cases: Fraud 59(2).]


How do bilingual lawyers in China usually translate the term BENEFIT-OF-THE-BARGAIN RULE?
TermBase About LegalLingo
LegalLingo, a Shanghai-based translation agency, is a recognized leader in comprehensive legal language solutions for the legal industry. We provide the world’s leading law firms and corporate legal teams with a full suite of services, ranging from the translation of contracts and compliance documentation to full-scale multilingual litigation requiring certified translation and Chinese document review. We deliver customized legal document translation solutions based on your case’s size and budget requirements, utilizing industry-leading technology to ensure accuracy, lower costs and faster turnaround times.