proximate damages
Damages directly, immediately, and naturally flowing from the act complained of. Cf. speculative damages (1). [Cases: Damages 18. C.J.S. Damages §§ 23–25, 27.]
Search Results for: proximate damages
malpractice
malpractice (mal-prak-tis). An instance of negligence or incompetence on the part of a professional. • To succeed in a malpractice claim, a plaintiff must also prove proximate cause and damages. — Also termed professional negligence. [Cases: Negligence 321. C.J.S. Negligence § 162.] legal malpractice. A lawyer’s failure to render professional services with the skill, prudence,
consequential economic loss
Economic loss that proximately results from a defective product and that is beyond direct economic loss. • Examples include lost profits and loss of goodwill or business reputation. [Cases: Damages 36; Products Liability 17.1. C.J.S. Damages § 53; Torts§ 26.]
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consequential loss
A loss arising from the results of damage rather than from the damage itself. • A consequential loss is proximate when the natural and probable effect of the wrongful conduct, under the circumstances, is to set in operation the intervening cause from which the loss directly results. When the loss is not the natural and
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hadley v baxendale rule
Hadley v. Baxendale rule. Contracts. The principle that consequential damages will be awarded for breach of contract only if it was foreseeable at the time of contracting that this type of damage would result from the breach. Hadley v. Baxendale, 9 Exch. 341 (1854). • Hadley v. Baxendale is best known for its impact on
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economic loss
economic loss. A monetary loss such as lost wages or lost profits. • The term usu. refers to a type of damages recoverable in a lawsuit. For example, in a products-liability suit, economic loss includes the cost of repair or replacement of defective property, as well as commercial loss for the property’s inadequate value and