Logourl black

Out of pocket damages

Definition

A measure of damages equal to the difference between the amount paid for goods and the goods’ actual value at the time of sale. Out of pocket damages aim to compensate a defrauded party by the exact amount she lost due to the fraud.

Related Rules [?]


The related rules section is for members only and includes a compilation of all the rules of law in Quimbee's database relating to this key term.

To access the related rules, please start your free trial or log in.