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Economic Loss - Statistics
General Stats
- This quiz has been taken 0 times
- The average score is 0 of 11
Answer Stats
| Hint | Answer | % Correct |
|---|---|---|
| A special relationship can arise even in an informal, non-professional setting if all criteria are satisfied. | Chaudhry v Prabhakar | 0%
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| 2. D must, or ought reasonably, be aware: 1) To whom advice is being given 2) The purpose for which advice is being given (Reeman v ___ – C cannot sue if the statement was intended for a different purpose than the one relied upon) 3) That the advice is highly likely to be acted upon (without further independence inquiry). | DoT | 0%
|
| Both pure and consequential economic loss is recoverable when it results from a negligent misstatement AND where there is a special relationship between the parties | Hedley Byrne v Heller | 0%
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| D can waive liability for a negligent misstatement through an explicit disclaimer, provided it is effectively communicated and understood by the other party. | Hedley Byrne v Heller | 0%
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| 1. D must possess some skill, expertise, or knowledge in the area related to the statement or advice they provided | Lennon v MPC | 0%
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| 3. It must have been _______ for C to trust the information given by D. | reasonable | 0%
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| Consequential economic loss (i.e. economic loss caused by physical damage) caused by a negligent act is actionable, but pure economic loss (economic loss only) is not | Spartan Steel v Martin | 0%
|
| . | x | 0%
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| . | x | 0%
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| . | x | 0%
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| . | x | 0%
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