Economic Loss Rule Flashcards
1
Q
Do COA lie upon economic loss?
A
General rule is NO.
2
Q
Small minority allow economic-loss-only recovery when…
A
Plntf & def. formed a special relationship that placed ecumenic loss distinctly w/in orbit of risk
3
Q
rule pertains only when
A
requisite state of culpability is neg or strict liablity
4
Q
why aren’t business torts like interference w/contracts bound by economic loss rule?
A
cuz usually require intent
5
Q
what about when economic loss is parasitic (consequential to a physical injury to person or property)?
A
Rule doesn’t apply in then.
6
Q
when product liability results in damage to property other than the defective product itself….
A
the economic loss rule does not preclude recovery
7
Q
preclude
A
prevent from happening, make impossible
