economic loss

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 consequent loss of profits or use. Salmon Rivers Sportsman Camps Inc. v. Cessna Aircraft Co., 97 Idaho 348, 544 P.2d 306, 310

Black's law dictionary. . 1990.

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