benefit of the bargain

Legal Definition of benefit of the bargain

: the advantage that would be or have been gained under a contract if completed as agreed specifically : the difference between the actual value of property and the value of property as it is represented in case of misrepresentation

called also benefit of one's bargain, loss of bargain

— compare out-of-pocket rule

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Dictionary Entries Near benefit of the bargain

benefit of inventory

benefit of the bargain

bequeath

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Cite this Entry

“Benefit of the bargain.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/benefit%20of%20the%20bargain. Accessed 23 Jan. 2022.

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