Liabilty For Economic/financial Loss

Question 1

Pure economic loss

Answer 1

Can’t claim for pure economic loss
On grounds of public policy - otherwise it would open the floodgates
Exception to this is negligent misstatement - heeled Byrne v heller 1963

Question 2

Negligent misstatement

Answer 2

D who made statement processes some special skill relating to statement
Knows that claimant will likely rely on statement
C does rely on statement
Reasonable for C to rely on statement

Question 3

Must then prove standard:

Answer 3

Breach of duty
Damages