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ECONOMIC LOSS


Economic loss is `damage to the wallet' of the victim of negligence, in other words the claimant is less well
off than he would have been if the negligence had not occurred. Examples include a loss in profits, an
unwise investment, a loss of a financial benefit or…

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DD's boat negligently sank a pleasure cruiser belonging to PP, who operated a fleet of such cruisers on the
Norfolk Broads. PP were awarded £2200 as the trade market value of the lost boat, plus £350 lost profits
for that season, there being no change of obtaining a replacement vessel…

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