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Simple English definitions for legal terms

loss of bargain

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A quick definition of loss of bargain:

Loss of bargain: When someone breaks a promise or does something wrong that stops a business deal from happening, it's called a loss of bargain. This means that the person who was supposed to buy or sell something can't do it anymore, and they might lose money because of it. They can sue the person who caused the loss of bargain to get back the money they lost.

A more thorough explanation:

Definition: The loss of bargain is when a sale or business deal cannot be completed due to someone else's wrongdoing, such as a breach of contract, intentional interference with one's business, or negligence. This results in monetary damages that can be determined in a lawsuit.

Example 1: John agrees to sell his car to Jane for $10,000. However, on the day of the sale, John decides not to sell the car to Jane. This is a breach of contract, and Jane can sue John for the loss of bargain.

Example 2: Sarah owns a bakery and has a contract with a supplier to provide her with flour every week. However, the supplier fails to deliver the flour on time, causing Sarah to lose business and money. Sarah can sue the supplier for the loss of bargain.

These examples illustrate how the loss of bargain can occur when one party fails to fulfill their obligations in a business deal, causing the other party to suffer financial losses. In both cases, the injured party can seek compensation through a lawsuit.

literary property | M'Naughten rule

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

person4324

23:00

is it really bad to enroll at a school and then drop out because you think you'd have a better shot at a higher ranked school the next cycle?

ParallelAgreeableOrangutan

23:13

I'd be very careful with timing. If you're able to "drop out" prior to the start of classes, that's one thing, but it seems that admissions offices look very unkindly on applicants who "started" law school and left (absent very compelling circumstances, such as serious personal illness)

OlDirtyBtard

23:14

honestly if you arent feeling it then leave before you pay tuition or before classes start

OlDirtyBtard

23:14

i left right before i had to pay tuition many years ago and thankfully it didnt count as attending

OlDirtyBtard

23:14

i was not doing super hot so id have definitely suffered 1L

OlDirtyBtard

23:14

honestly man just dont go if youre not feeling itr

ParallelAgreeableOrangutan

23:16

Don't forget that transferring is definitely an option, albeit not a guaranteed one

OlDirtyBtard

23:17

i mean not really anymore. oci isnt the main method of getting a job

llama

23:43

100% what dirty said

llama

23:44

Arangutan makes a good point as well. RnR, u know you have more gas in ur lsat tank if you are even considering what you are asking

person4324

0:09

ok this will be my 7th time taking it haha... idk if that factors in anything lol

globalcitizen

7:04

The Spovey blog guy is a damn imbecile lol

FadedCleverOctopus

9:45

the amount of people in the internet offering LSAT prep and admission guranteed ads is driving me insane.

NosyBeagle

10:06

i hate them

NosyBeagle

10:06

"if you put in the work, we guarantee a 170+" get out of my head

FadedCleverOctopus

10:11

right!

steelrift99

10:12

waiting for June LSAT scores, prolly won't get off the waitlist for this cycle and will likely have to apply to law school for Fall 26'. The fuck do I do for the next year

FadedCleverOctopus

10:13

try and not be so negative steel, you never know! this cycle seems to be a rollercoaster...that being said, a lot can be done for a year, maybe work on your softs more, specially your resume; these T14 love to see that.

FadedCleverOctopus

10:14

I applied back in 2023 and got rejected from all the schools I applied. Granted, I was deployed across the world and understand that i did not prepare as much I should have...hopully these few years that have passed will help.

NosyBeagle

10:15

steel it is time for employment

FadedCleverOctopus

10:16

agree

NosyBeagle

10:17

I took the lsat in 2023, got a bad score and decided that i need to do way more studying so im hoping to kick this test's ass in august. i've been improving alot. still drilling my weakest areas and will take a pt soon

NosyBeagle

10:17

tbh im not looking for a miracle. a 160 would be nice

steelrift99

10:17

U right. Def need to stay productive. I've been at this random job for 3 years but was thinking about taking a side gig for something more law related. It's tough getting a paralegal job but is there a way to get involved in pro bono work that helps give you relevant experience?

NosyBeagle

10:21

not impossible but difficult imo. I'd take a look at the law firms in ur area and shoot them some emails. maybe look at linkedin too. sometimes law type jobs r like ur not a lawyer? kys

steelrift99

10:26

That's how I feel lol. awkward spot between law school and undergrad. I will pray and help you manifest a 160 gng

FadedCleverOctopus

10:32

I would say to be careful with trying so hard to get a job at a firm. These schools are trying so hard to be diverse that they'd rather pick someone who works in Cheesecake factory as a 'chef' than someone who is ina firm

NosyBeagle

10:38

ty steel hoping for the best 4 u too

FadedCleverOctopus

10:40

Nosy, is there a reason why youre taking the test in Aug? Im divided between taking it in aug or sep

NosyBeagle

10:59

I want to apply asap. I have the list of schools im applying to in a spreadsheets and they all start to open up around sept

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