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Tort

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › Tort

  • This topic has 4 replies, 2 voices, and was last updated 5 years ago by MikeLittle.
Viewing 5 posts - 1 through 5 (of 5 total)
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  • October 23, 2019 at 4:36 pm #550547
    xyzc
    Participant
    • Topics: 413
    • Replies: 175
    • ☆☆☆☆

    Question: Which of the following is Not a type of loss usually recoverable under the tort of negligence?
    a) Injury
    b) Pure economic loss
    c) Damage to property

    October 24, 2019 at 11:50 am #550652
    xyzc
    Participant
    • Topics: 413
    • Replies: 175
    • ☆☆☆☆

    In the above question, I think that tort of negligence perhaps has to do with civil cases only and that all three of them are recoverable through compensation. But this is not the case in the practice kit. Also what does pure has to do with economic loss.

    October 24, 2019 at 3:43 pm #550689
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23307
    • ☆☆☆☆☆

    BPP covers this in chapter 7

    Pure economic loss is financial loss that is not connected with any physical damage and is rarely recoverable

    OK?

    October 28, 2019 at 2:37 pm #551087
    xyzc
    Participant
    • Topics: 413
    • Replies: 175
    • ☆☆☆☆

    If it is not connected with any physical damage, then it might be financial loss which may be recoverable through compensation for damages fairly easily. Then how is it rarely recoverable.

    October 28, 2019 at 3:43 pm #551092
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23307
    • ☆☆☆☆☆

    “… not a type of loss usually recoverable under the tort of negligence”

    The question mentions nothing about its recoverability under contract

    OK?

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