Economic Loss

Description

A-Levels Law (Law of Tort) Mind Map on Economic Loss, created by Sophie.J.E on 12/09/2013.
Sophie.J.E
Mind Map by Sophie.J.E, updated more than 1 year ago
Sophie.J.E
Created by Sophie.J.E over 10 years ago
118
1

Resource summary

Economic Loss
  1. Consequential
    1. Always recoverable
    2. Pure
      1. Only recoverable if there is a Negligent Misstatement
        1. Spartan Steel
        2. Must be a 'Special Relationship'/ Duty of care (Use Hedley Bryne v Heller test)
          1. 5 Factors need to be satisfied
            1. 1. D must have the Skill/Expertise needed
              1. Lennon v MPC
                1. Chaudhry v Prabhakar
                2. 2. There must be voluntary assumed responsibility
                  1. D has the choice to not give the advice or to give it with a disclaimer
                    1. Hedly Bryne - was a disclaimer
                    2. 3. Known User
                      1. Caparo v Dickman (no KU)
                        1. Morgan Crucible v HSB (KU)
                        2. 4. Known Purpose
                          1. Caparo v Dickman (no KP)
                            1. Law Society v KPMG (KP)
                            2. 5. Must prove reasonable reliance
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