Tort Law

... INTRODUCTION The core purpose of this assignment will be to analyse how the neighbourhood principle which is related to pure economic losses is interpreted by the courts. In order to simplify and understand the decision the courts to made regarding negligence involving pure economic loss; we are first required to understanding what negligence means. The torts of negligence have specific elements which are the complex concept of legal duty of care, breach, causation and damage thereby suffered to the person whom the duty owed. 1 I shall give a short definition of pure economic losses relevant in tort law and what is implied in the neighbourhood principle interface in tort law. The definition for pure economic loss can be articulated as economic loss which is unaccompanied by physical injury or damage. It is also commonly known that pure economic loss is an umbrella term used to bring together various different policies regarding

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