Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Lost
adj. 1. (Of property) beyond the possession and custody of its owner and not locatable by diligent search <lost at sea> <lost papers>. 2. (Of a person) missing <lost child>.
damages for lost expectations
See expectation damages.
larceny of property lost, mislaid, or delivered by mistake
Larceny in which one obtains control of property the person knows to be lost, mislaid, or delivered by mistake (esp. in the amount of property or identity of recipient) and' fails to take reasonable measures to restore the property to the rightful owner. Model Penal Code § 223.5.
lost corner
A point in a land description, such as a landmark or natural object, whose position cannot be reasonably determined from traces of the original marks or other acceptable evidence. ( The location can be determined by reference to one or more independent points remaining in the description.
lost earning capacity
A person's diminished earning power resulting from an injury. * This impairment is recoverable as an element of damages in a tort action. Cf. lost earnings under EARNINGS. "To some extent the phrases loss of earnings' and loss of earning capacity' are used interchangeably. But the preferred view is that they are different concepts. The former covers real loss which can be proved at the trial; the latter covers loss of the chances of getting equivalent work in the future."
lost earnings
See EARNINGS.
lost earnings.
Wages, salary, or other income that a person could have earned if he or she had not lost a job, suffered a disabling injury, or died. ( Lost earnings are typically awarded as damages in personal-injury and wrongful-termination cases. There can be past lost earnings and future lost earnings. Both are subsets of this category, though legal writers sometimes loosely use future earnings as a synonym for lost earnings. Cf. LOST EARNING CAPACITY.
lost or not lost
Marine insurance. A policy provision fixing the effective date of the policy to a time preceding the policy date, even if the insured ship has already been lost when the policy is executed, as long as neither party then knows, or has means of knowing, that the ship has been lost.
lost profits
A measure of damages that allows a seller to collect the profit that would have been made on the sale if the buyer had not breached. UCC § 2-708(2).
lost property
Property that the owner no longer possesses because of accident, negligence, or carelessness, and that cannot be located by an ordinary, diligent search. Cf. abandoned property; mislaid property.
lost will
Am executed will that cannot be found at the testator's death. ( Its contents can be proved by parol evidence in many jurisdictions, but in some states a lost will creates a rebuttable presumption that it has been revoked.
lost-chance doctrine
1 LOSS-OF-CHANCE DOCTRINE. 2. A rule permitting a claim, in limited circumstances, against someone who fails to come to the aid of a person who is in imminent danger of being injured or killed. Cf. GOOD SAMARITAN DOCTRINE.
lost-expectation damages
See expectation damages.
lost-volume seller
A seller of goods who, after a buyer has breached a sales contract, resells the goods to a different buyer who would have bought identical goods from the seller's inventory even if the original buyer had not breached. 9 Such a seller is entitled to lost profits, rather than contract price less market price, as damages from the original buyer's breach. UCC § 2-708(2).