direct economic loss

Economic loss flowing directly from insufficient product quality.

• The most common type is loss-of-bargain damages — the difference between the actual value of goods accepted and the value they would have had if they had been delivered as promised or warranted. [Cases: Products Liability 17.1; Torts 5. C.J.S. Torts §§ 24–26.]

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词条贡献者

法律翻译Bryan，毕业于新加坡知名法学院，专注翻译各类与私募股权有关的法律文件。