Economic Loss

Page 1

Has C suffered a pure economic loss

Consequential always recoverable

Pure never unless the exceptions apply.

Has D made a negligent misstatement - written or oral which is made carelessly which the C has relied on to his detriment.

Is there a special relationship between the C and the D, they need all 4

D possesses a skill

D voluntarily assumes responsibility for his statement

D knows the used and the purpose for the statement

It was reasonable for the C to rely on the statement

Duty, breach damage, defences and damages the same as negligence