Consequential loss: Difference between revisions

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	Consequential loss, sometimes called [[relational economic loss]] ~~arising~~ as a result of breach of contract that ~~was~~ not ~~a direct consequence of a result~~ of failure by one party to perform the contract. Subject to usual rules regarding foreseeability, [[causation]] and [[remoteness of damage]], consequential loss is generally seen as unlikely to be recoverable in an ordinary action for [[breach of contract]], at least in the absence of an [[indemnity]].		Consequential loss, sometimes called [[indirect loss]], [[relational economic loss]], [[loss of opportunity]] or [[loss of profits]] is a loss claimed to arise as a result of breach of contract that did not arise ''directly'' out of the failure by one party to perform the contract, but is better looked at as the opportunity cost suffered by the innocent person as a result of you breaching your contract. Subject to usual rules regarding foreseeability, [[causation]] and [[remoteness of damage]], consequential loss is generally seen as unlikely to be recoverable in an ordinary action for [[breach of contract]], at least in the absence of an [[indemnity]].

	===Example - buying a car===		===Example - buying a car===