O Dictionary
out-of-pocket rule
out-of-pocket rule : a measure of damages from fraud used in some jurisdictions that is based on the difference between the amount paid by the plaintiff and the market value of the thing paid for rather than the value attributed by the defendant compare benefit of the bargain ...
Out-of-pocket rule
Out-of-pocket rule, means the principle that a defrauded buyer may recover from the seller as damages the difference between the amount paid for the property and the actual value received, Black's Law Dictionary, 7th Edn., p. 1128....