Economic Loss

Sophie.J.E
Mind Map by , created about 6 years ago

A-Levels Law (Law of Tort) Mind Map on Economic Loss, created by Sophie.J.E on 09/12/2013.

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Sophie.J.E
Created by Sophie.J.E about 6 years ago
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Economic Loss
1 Consequential
1.1 Always recoverable
2 Pure
2.1 Only recoverable if there is a Negligent Misstatement
2.1.1 Spartan Steel
2.2 Must be a 'Special Relationship'/ Duty of care (Use Hedley Bryne v Heller test)
2.2.1 5 Factors need to be satisfied
2.2.1.1 1. D must have the Skill/Expertise needed
2.2.1.1.1 Lennon v MPC
2.2.1.1.2 Chaudhry v Prabhakar
2.2.1.2 2. There must be voluntary assumed responsibility
2.2.1.2.1 D has the choice to not give the advice or to give it with a disclaimer
2.2.1.2.2 Hedly Bryne - was a disclaimer
2.2.1.3 3. Known User
2.2.1.3.1 Caparo v Dickman (no KU)
2.2.1.3.2 Morgan Crucible v HSB (KU)
2.2.1.4 4. Known Purpose
2.2.1.4.1 Caparo v Dickman (no KP)
2.2.1.4.2 Law Society v KPMG (KP)
2.2.1.5 5. Must prove reasonable reliance

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