{"id":11036,"date":"2017-12-18T00:29:50","date_gmt":"2017-12-18T00:29:50","guid":{"rendered":"https:\/\/reunitethestates.org\/?page_id=11036"},"modified":"2017-12-18T00:29:50","modified_gmt":"2017-12-18T00:29:50","slug":"lost-profits-damages-a-measure-of-damages-that-allows-a-seller-to-collect-the-profits-that-would-have-been-made-on-the-sale-if-the-buyer-had-not-breached-a-contract-or-commit-a-tort","status":"publish","type":"page","link":"https:\/\/reunitethestates.org\/?page_id=11036","title":{"rendered":"Lost Profits Damages – a measure of damages that allows a seller to collect the profits that would have been made on the sale if the buyer had not breached a contract or commit a tort"},"content":{"rendered":"

lost profits damages<\/span>:<\/span><\/strong>
\n(1852)<\/span><\/p>\n

1.<\/strong> Contracts. <\/em>A measure of damages that allows a seller to collect the profits that would have been made on the sale if the buyer had not breached.\u00a0 UCC \u00a7 2-708(2)<\/a>.<\/strong> \u2014 aka lost profits<\/strong><\/span>. <\/em>[1]<\/span><\/p>\n

1. In contract actions, the profit which the nondefaulting promisee expected to make from the breached contract, or the profit which he expected to make from the collateral transactions based upon the promised performance.\u00a0 In tort action, the expected gains from transactions which the injured party expected to complete had it not been for the tort<\/a>.\u00a0 22 Am J2d Damg \u00a7 171<\/span>.<\/strong> [2]<\/span><\/p>\n

References:<\/span><\/span><\/strong><\/p>\n

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[1]: Black\u2019s Law <\/a><\/span><\/strong>Dictionary\u00a0<\/b><\/span><\/a><\/strong>Deluxe<\/b><\/span><\/a><\/em> Tenth<\/b><\/span><\/a><\/em> Edition<\/b><\/span><\/a><\/em>\u00a0<\/span><\/strong>by<\/b><\/span><\/strong> Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4<\/span><\/strong><\/p>\n

[2]: Ballantine\u2019s Law <\/a><\/span><\/strong>Dictionary\u00a0<\/b><\/span><\/a><\/strong>with<\/b><\/span><\/a><\/em> Pronunciations<\/b><\/span><\/a><\/em>
\n<\/span><\/a><\/em>Third Edition<\/a>\u00a0by James A. Ballantine\u00a0<\/span><\/strong>(James Arthur 1871-1949).\u00a0\u00a0<\/span><\/em>Edited by William S. Anderson.\u00a0\u00a0\u00a9 1969 by THE LAWYER\u2019S CO-OPERATIVE PUBLISHING COMPANY.\u00a0 Library of Congress Catalog Card No. 68-30931<\/span><\/strong><\/p>\n

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