Negligent Misstatement
- Created by: laurenhands4
- Created on: 31-01-16 14:23
Other questions in this quiz
2. What is the main policy reason to why the courts have been reluctant to allow C to recover for pure economic loss?
- Quantifying losses
- Floodgates
- Insurance
- Compensation for bad bargains
3. LORD DENNING gave a dissenting judgment in CANDLER saying what?
- A duty of care is owed when the representor knew his statement would be showed and when the representor knew his statement would be relied on
- Described a 'special relationship' as 'equivalent to contract'
4. What happened in DERRY V PEEK?
- Involved health food franchises
- D said they had a licence to runs trams, C sued when they invested and lost money when the licences weren't granted. D not liable.
- Investor asked insurance company for advice on an investment and sued for the negligent advice given. D not liable.
- Agreement to prevent C from gambling, breached duty but failed because C could've bet somewhere else.
5. Duty of care owed for pure economic loss established in what case?
- GORHAM V BT AND OTHERS
- HEDLEY BRYNE V HELLER
- ESSO PETROLEUM V MARDON
- DERRY V PEEK
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