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- Pure_economic_loss_in_English_Law abstract "Recovery for pure economic loss in English law, arising from negligence, has traditionally been limited. Notably, recovery for losses that are \"purely economic\" arise under the Fatal Accidents Act 1976; and for negligent misstatements, as stated in Hedley Byrne v. Heller. Economic loss generally refers to financial detriment that can be seen on a balance sheet but not physically. Economic loss is then divided into \"consequential economic loss\" - that which arises directly from some physical damage or injury (e.g. loss of earnings from having your arm cut off) and \"pure economic loss\", which is everything else.The fear behind allowing claims for \"pure economic loss\" is that potentially unlimited claims could flood in. The risks may be unknowable, and parties would find it impossible to insure. The U.S. judge Benjamin N. Cardozo famously described it as, \"liability in an indeterminate amount, for an indeterminate time, to an indeterminate class\".Examples of pure economic loss include:Loss of income suffered by a family whose principal earner dies in an accident. The physical injury is caused to the deceased, not the family.Loss of market value of a property owing to the inadequate specifications of foundations by an architect.Loss of production suffered by an enterprise whose electricity supply is interrupted by a contractor excavating a public utility.The latter case is exemplified by the case of Spartan Steel and Alloys Ltd v. Martin & Co. Ltd. Similar losses are also restricted in German law though not in French law.".
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- Pure_economic_loss_in_English_Law wikiPageRevisionID "699853487".
- Pure_economic_loss_in_English_Law wikiPageWikiLink Anns_v_Merton_LBC.
- Pure_economic_loss_in_English_Law wikiPageWikiLink Architect.
- Pure_economic_loss_in_English_Law wikiPageWikiLink Benjamin_N._Cardozo.
- Pure_economic_loss_in_English_Law wikiPageWikiLink Caparo_Industries_plc_v_Dickman.
- Pure_economic_loss_in_English_Law wikiPageWikiLink Category:English_tort_law.
- Pure_economic_loss_in_English_Law wikiPageWikiLink Category:Judicial_remedies.
- Pure_economic_loss_in_English_Law wikiPageWikiLink Category:Law_and_economics.
- Pure_economic_loss_in_English_Law wikiPageWikiLink D&F_Estates_Ltd_v_Church_Comrs_for_England_and_Wales.
- Pure_economic_loss_in_English_Law wikiPageWikiLink Donoghue_v_Stevenson.
- Pure_economic_loss_in_English_Law wikiPageWikiLink Fatal_Accidents_Act_1976.
- Pure_economic_loss_in_English_Law wikiPageWikiLink Floodgates_principle.
- Pure_economic_loss_in_English_Law wikiPageWikiLink Hedley_Byrne_&_Co_Ltd_v_Heller_&_Partners_Ltd.
- Pure_economic_loss_in_English_Law wikiPageWikiLink Henderson_v_Merrett_Syndicates_Ltd.
- Pure_economic_loss_in_English_Law wikiPageWikiLink Insurance.
- Pure_economic_loss_in_English_Law wikiPageWikiLink Judge.
- Pure_economic_loss_in_English_Law wikiPageWikiLink Junior_Books_Ltd_v_Veitchi_Co_Ltd.
- Pure_economic_loss_in_English_Law wikiPageWikiLink Law_of_France.
- Pure_economic_loss_in_English_Law wikiPageWikiLink Law_of_Germany.
- Pure_economic_loss_in_English_Law wikiPageWikiLink Murphy_v_Brentwood_DC.
- Pure_economic_loss_in_English_Law wikiPageWikiLink Negligence.
- Pure_economic_loss_in_English_Law wikiPageWikiLink Smith_v_Eric_S_Bush.
- Pure_economic_loss_in_English_Law wikiPageWikiLink Spartan_Steel_&_Alloys_Ltd_v_Martin_&_Co_(Contractors)_Ltd.
- Pure_economic_loss_in_English_Law wikiPageWikiLink United_States.
- Pure_economic_loss_in_English_Law wikiPageWikiLink White_v_Jones.
- Pure_economic_loss_in_English_Law wikiPageWikiLinkText "England and Wales".
- Pure_economic_loss_in_English_Law wikiPageWikiLinkText "Pure economic loss in English Law".
- Pure_economic_loss_in_English_Law wikiPageWikiLinkText "Pure economic loss".
- Pure_economic_loss_in_English_Law wikiPageUsesTemplate Template:Cite_book.
- Pure_economic_loss_in_English_Law wikiPageUsesTemplate Template:Cite_journal.
- Pure_economic_loss_in_English_Law wikiPageUsesTemplate Template:EngTort.
- Pure_economic_loss_in_English_Law wikiPageUsesTemplate Template:English_law.
- Pure_economic_loss_in_English_Law wikiPageUsesTemplate Template:Main.
- Pure_economic_loss_in_English_Law wikiPageUsesTemplate Template:Reflist.
- Pure_economic_loss_in_English_Law subject Category:English_tort_law.
- Pure_economic_loss_in_English_Law subject Category:Judicial_remedies.
- Pure_economic_loss_in_English_Law subject Category:Law_and_economics.
- Pure_economic_loss_in_English_Law type Redirect.
- Pure_economic_loss_in_English_Law comment "Recovery for pure economic loss in English law, arising from negligence, has traditionally been limited. Notably, recovery for losses that are \"purely economic\" arise under the Fatal Accidents Act 1976; and for negligent misstatements, as stated in Hedley Byrne v. Heller. Economic loss generally refers to financial detriment that can be seen on a balance sheet but not physically.".
- Pure_economic_loss_in_English_Law label "Pure economic loss in English Law".
- Pure_economic_loss_in_English_Law sameAs Q7261146.
- Pure_economic_loss_in_English_Law sameAs Q7261146.
- Pure_economic_loss_in_English_Law wasDerivedFrom Pure_economic_loss_in_English_Law?oldid=699853487.
- Pure_economic_loss_in_English_Law isPrimaryTopicOf Pure_economic_loss_in_English_Law.