Negligence and Economic Loss

Front

Negligent misstatement is an exception to the rule.

Back

A claim in negligence for pure economic loss may be successful if there is a negligent misstatement in a special relationship.

Front

Consequential vs. pure economic loss.

Back

Consequential loss can recover damages; pure economic loss cannot.

Front

Pure economic loss refers to financial loss not resulting from any physical damage to a person or property.

Back

An example could be lost profits due to a business interruption.

Front

Gita's action after the lecture

Back

Invested £50,000 in a company based on Faruq's advice.

Front

Negligent misstatement

Back

Legal concept involving incorrect advice leading to financial loss.

Front

Assessment of restrictions in tort law.

Back

Reasons why these restrictions exist.

Front

PEL in legal terms

Back

PEL stands for Pure Economic Loss, which typically does not allow for a claim.

Front

Consequences of the power cut

Back

1. The metal being processed was damaged, costing profits. 2. Inability to process more metal, leading to further profit loss.

Front

Year of the case

Back

1973

Front

Nature of the case

Back

A legal dispute over financial losses due to a power cut.