economic loss — There are legal rules, which restrict recovery of compensation for financial loss which arises without intervening physical damage or personal injury where the only loss is economic. Easyform Glossary of Law Terms. UK law terms. economic loss … Law dictionary
economic loss — In a products liability action, recovery of damages for economic loss includes recovery for costs of repair and replacement of defective property which is the subject of the transaction, as well as commercial loss for inadequate value and… … Black's law dictionary
Pure economic loss in English Law — English Tort law Part of the common law series Negligence Duty of care Bolam test Breach of duty Causation … Wikipedia
Pure economic loss (England and Wales) — 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… … Wikipedia
Pure economic loss — In law, economic loss refers to financial loss and damage suffered by a person such as can only be seen in balance sheets rather than physical injury to the person or destruction of property. Economic loss can be: *Consequential economic loss,… … Wikipedia
Loss of chance in English law — refers to a particular problem of causation, which arises in tort and contract. The law is invited to assess hypothetical outcomes, either affecting the claimant or a third party, where the defendant s breach of contract or of the duty of care… … Wikipedia
Economic torts — are torts that provide the common law rules on liability for the infliction of pure economic loss, such as interference with economic or business relationships.Economic torts protect people from interference with their trade or business. The area … Wikipedia
Economic history of Britain — This is a history of the economy of the United Kingdom and of the countries that joined to form it in 1707 and 1801.Early historyIn Britain s earliest history agriculture was overwhelmingly dominant. The most important export was cassiterite,… … Wikipedia
Economic Profit (Or Loss) — The difference between the revenue received from the sale of an output and the opportunity cost of the inputs used. This can be used as another name for economic value added (EVA). Don t confuse this with accounting profit , which is what most… … Investment dictionary
loss — n 1: physical, emotional, or esp. economic harm or damage sustained: as a: decrease in value, capital, or amount compare gain b: an amount by which the cost of something (as goods or services) exceeds the selling price compare … Law dictionary