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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词条贡献者

双语律师郭敏，国际知名商学院金融专业，擅长翻译各类与金融衍生品与结构化产品相关的法律文件。