A lottery is any scheme for the disposal or distribution of property by chance among persons who have paid, or promised or agreed to pay, any valuable consideration for the chance of obtaining such property, or a portion of it, or for any share of or interest in such property, upon any agreement, understanding, or expectation that it is to be distributed or disposed of by lot … [Read more...] about LOTTERY
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LOSS OF BARGAIN
The legal notion that the damages that are awarded to compensate a party for loss or injury should be at least sufficient to put that party in the same position they were in prior to that loss or injury. … [Read more...] about LOSS OF BARGAIN
LOSS OF CONSORTIUM
Referring to the benefits a spouse loses as a result of the other spouse being wrongfully injured, e.g. the inability of having the benefit of the other spouse's affection, intimacy, sexual relations and otherwise the comfort of such a close relationship. … [Read more...] about LOSS OF CONSORTIUM
LOSS OF USE
Losing the use of an object for which a plaintiff would have a right of compensation, e.g. the loss of use of an automobile which had been wrongfully taken by another. … [Read more...] about LOSS OF USE
LOST
An article is "lost" when the owner has lost the possession or custody of it, involuntarily and by any means, but more particularly by accident or his own negligence or forgetfulness, and when he is ignorant of its whereabouts or cannot recover it by an ordinarily diligent search. Lost or not lost. A phrase sometimes inserted in policies of marine insurance to signify that the … [Read more...] about LOST
