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Kaplan’s F4 tip for Economic loss, are they referring to capital maintenance?
No! It comes under their heading for Torts!
e.g. Spartan Steel v Martin & Co case where pure economic loss not relating to personal injury/damaged property is unrecoverable through damages.
Ah! In that case, economic loss refers to financial loss – either money spent and not recovered or money which could have been expected to be received, and wasn’t.
Normally, when a person suffers – either from tort or contract – the courts will award compensation in the form of damages.
Just very occasionally, the courts will consider loss of “pleasure” as in Jarvis v Swan Tours
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