Pure Economic Loss

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Spartan Steel v Martin & Co Ltd

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10 Terms

1

Spartan Steel v Martin & Co Ltd

Pure economic loss is not recoverable

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2

Jain v Strategic Health Authority

No duty on local authority to avoid causing C pure economic loss

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3

Hedley Byrne v Heller & Partners Ltd

C can recover for pure economic loss where there is a negligent misstatement and a special relationship

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4

Smith v Eric S Bush

A surveyor has professional expertise so it was reasonably foreseeable that C would rely on his report

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5

Lennon v MPC

A personnel officer with access to specialist knowledge possessed a specialist skill or expertise

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6

Chaudhry v Prabhakar

D can 'possess a specialist skill or expertise' if C has relied on D's skill and judgement

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7

Mutual Life v Evatt

A person with specialist skill and expertise only owes C a duty of care if they hold themselves out as being in the business of giving advice in that area

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8

Caparo v Dickman

D must know the identity of the person or class of persons who will rely on his statement (3)

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9

Law Society v Peat Marwick

D will only be liable for his statement if when making it he knows or ought to know the purpose for which it will be used (4)

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10

JEB Fasteners v Marks Bloom & Co

C must show both that he relied on D's statement and that it was reasonable to do so (5)

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