Law of Torts
Topic 4 – Statements and Pure
Economic Loss
,In this session:
• Liability for statements
• Hedley
• Special Relationships
• Pure Economic Loss
• Identifying Pure Economic Loss
• Spartan Steel v Martin & Co
• Exceptions to the General Rule
• Critiquing Economic Loss Rules
, Liability for Statements
• Identifying Statements
• General Principle: No Liability
• Hedley Byrne v Heller and Partners [1963], exception where:
• A special relationship, involving special skill or knowledge, of trust and confidence
• Formal Considered Advice
• The Assumption of Responsibility
• Reasonable Reliance
Topic 4 – Statements and Pure
Economic Loss
,In this session:
• Liability for statements
• Hedley
• Special Relationships
• Pure Economic Loss
• Identifying Pure Economic Loss
• Spartan Steel v Martin & Co
• Exceptions to the General Rule
• Critiquing Economic Loss Rules
, Liability for Statements
• Identifying Statements
• General Principle: No Liability
• Hedley Byrne v Heller and Partners [1963], exception where:
• A special relationship, involving special skill or knowledge, of trust and confidence
• Formal Considered Advice
• The Assumption of Responsibility
• Reasonable Reliance
