Economic Loss

Question 1

Pure economics loss can be claimed for, true or false?

Answer 1

False, it can be claimed for in regards to the exceptions provided for in Hedley Byrne v Heller (negligent misstatement)

Question 2

Cases for Pure Economic Loss

Answer 2

The Mineral Transporter
Muirhead v Industrial Tank
Spartan Steel v Martin

Question 3

Case for Consequential Loss

Answer 3

Murphy v Brentwood

Question 4

Hedley Byrne v Heller exceptions

Answer 4

D possess skill/expertise 
D voluntarily assumes responsibility for the statement 
Known user
Known purpose
Reasonable reliance

Question 5

D possesses skill/expertise

Answer 5

Lennon v MPC
Chaudhry v Probhaker
Mutual Life v Evatt

Question 6

D assumed voluntary responsibility for statement

Answer 6

Hedley Byrne v Heller

Question 7

Known User

Answer 7

Caparo v Dickman

Goodwill v British Preg Agency

Question 8

Known purpose

Answer 8

Law Soc v KPMG

Question 9

Reasonable reliance

Answer 9

Smith v Bush

Question 10

Post Hedley Byrne

Answer 10

Caparo v Dickman
D fully aware of the transaction that C has in contemplation
D communicates/knows it will be communicated to C
Specifically anticipates C will rely
Purpose C relies on is reasonable for D to protect