Consequential economic loss: loss occured from physical loss
Pure economic loss: loss with no physical loss- cannot claim unless caused by negligent misstatement -fear of floodgates
Spartan steel v martin- powercut
1-metal damage - physical :/
2- loss of profitfrom metal damage- consequential :/
3- loss of profit on planned melts- pure economic X
Few exceptions: White v Jones :/
fathers/daughters/back on will/solicitor delayed/father died/C lost out -allowed pure economic loss as no floodgates
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