Economic loss

Exceptional situations where pure economic loss is recoverable include:

Answer explanation

Loss caused by negligent misstatement; and Loss caused by negligent professional conduct

Which case established the original approach towards Negligent Misstatement

• Derry v Peek

• Hedley Byrne v Heller

• Candler v Crane & Christmas

• Esso Petroleum v Mardon

Which judge gave a dissenting judgement in the case of Candler v Crane & Christmas?

• Lord Munce

• Lord Denning

• Lord Bridge

• Lady Hale

The new approach is..

• Words/advice can be economic loss

• Words/advice cannot be negligent

• Words/advice can be negligent

• Words/advice cannot be economic loss

The case of Esso Petroleum v Mardon deals with?

• The importance of D’s ‘special knowledge’

• the importance of pure economic loss

• negligent misstatement

• economic loss

Which case showed the need for r ‘real reliance’.

• Al Saudi Banque v Clarke Pixley [

• Yuen Kun Yeu v Attorney General of Hong Kong

• JEB Fastners Ltd v Marks Bloom & Co

• Caparo Industries v Dickman

Consequential economic loss is recoverable

• true

• false

pure economic loss is generally NOT recoverable and there are no exceptions to this rule

• true

• false

Which two cases dealt with the distinction between pure and economic loss

• Spartan Steel v Martin

• Candler v Crane & Christmas

• Derry v Peak

• Conarken Group v Network Rail Infrastructure

What is the position post Murphy v Brentwood District Council

• generally there is no liability in tort for consequential economic loss

• there is liability in negligence for pure economic loss

• pure economic loss is a criminal offence

• Generally there is no liability in negligence for pure economic loss