CBOT and Consequential loss: Difference between pages
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'' | 1. | ||
''Law''. | |||
A loss which is the indirect - but foreseeable - consequence of a breach of contract. | |||
2. | |||
More broadly, any loss caused indirectly (rather than directly). | |||
For example a loss of profit resulting from a delay in completing the building of a factory. | |||
== See also == | |||
* [[Consequential risk]] | |||
* [[Foreseeable loss]] | |||
[[Category:Compliance_and_audit]] | |||
Latest revision as of 11:18, 11 May 2016
1.
Law.
A loss which is the indirect - but foreseeable - consequence of a breach of contract.
2.
More broadly, any loss caused indirectly (rather than directly).
For example a loss of profit resulting from a delay in completing the building of a factory.
