Foreseeable loss: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Administrator (CSV import) |
imported>Doug Williamson m (Spacing 27/8/13) |
||
| Line 1: | Line 1: | ||
1. ''Accounting.'' | 1. | ||
''Accounting.'' | |||
A loss which the directors estimate will arise over the duration of a long term contract. | A loss which the directors estimate will arise over the duration of a long term contract. | ||
2. ''Law.'' | |||
2. | |||
''Law.'' | |||
A potential loss which it is reasonable to expect that a person would anticipate following from their wrongdoing, and for which they are therefore held liable in law. | A potential loss which it is reasonable to expect that a person would anticipate following from their wrongdoing, and for which they are therefore held liable in law. | ||
== See also == | == See also == | ||
| Line 9: | Line 17: | ||
* [[Consequential loss]] | * [[Consequential loss]] | ||
* [[Loss]] | * [[Loss]] | ||
Revision as of 13:42, 27 August 2013
1.
Accounting.
A loss which the directors estimate will arise over the duration of a long term contract.
2.
Law.
A potential loss which it is reasonable to expect that a person would anticipate following from their wrongdoing, and for which they are therefore held liable in law.
