Nobody downloaded yet

It is an exam question and I dont know what title will it have, however the topic is called economic loss, focus on negligence misstatement - Essay Example

Comments (0) Cite this document
As the changes are taking place, the increasing trends in the disputes and court cases are also observed all across the globe. Among the various…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98% of users find it useful
It is an exam question and I dont know what title will it have, however the topic is called economic loss, focus on negligence misstatement
Read TextPreview

Extract of sample
"It is an exam question and I dont know what title will it have, however the topic is called economic loss, focus on negligence misstatement"

Download file to see previous pages A common thing in this regard has been that a loss-suffered party accuses its partner for incurring of the loss resulting in to legal disputes. There have been many instances for such legal cases some of which are discussed below.
There have been various cases in the regard of economic losses that have arisen in because of negligence misstatements. Among such cases, Hedley Byrne & Co Ltd Vs Heller & Partners Ltd has been one of the most notables. The case is regarded as the tort law case which had occurred because of the negligent misstatement. Analysing the case it is observed that, Hedley Byrne was an advertising firm. The company had a new customer in lieu of Easipower Ltd. The recent customer put up a big order to the advertising company. Hedley Byrne became suspicious of the amount of the order and tried to ensure the financial viability of the client company. In order to do so, the advertising major called up their banks, National Provincial Bank, and asked for a report about the credit worthiness of Easipower Ltd from the client’s bank named Heller & Partner’s Ltd. The banker of the client replied to the National Provincial Bank and thereby to the Hedley Byrne stating that Easipower Ltd was “considered good for its ordinary business engagements”. But an important point that had to be noted in analyzing the case was that the banker of the client, Heller & Partners Ltd also notified the reply saying “without responsibility on the part of this bank”.
Perceiving the financial credibility of Easipower Ltd to be perfect, Hedley Byrne went in to the deal with the company but soon Easipower Ltd went into liquidation. As a result, Hedley & Byrne lost a hopping amount of more than £ 17,000. Hedley & Byrne, incurring the loss, sued the banker of Easipower Ltd on the grounds of negligence as the advertising company relied upon the statement of the bank. The other accusation was that of misleading information. The honourable court heard the case ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“It is an exam question and I dont know what title will it have, Essay”, n.d.)
It is an exam question and I dont know what title will it have, Essay. Retrieved from
(It Is an Exam Question and I Dont Know What Title Will It Have, Essay)
It Is an Exam Question and I Dont Know What Title Will It Have, Essay.
“It Is an Exam Question and I Dont Know What Title Will It Have, Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Recovery of economic loss in negligence
...?RECOVERY OF ECONOMIC LOSS IN NEGLIGENCE Question Economic loss has been defined in the case of A.G. Ont. v. Fatehi (1984 as “diminution of worth incurred without any physical injury to any asset of the plaintiff.” 2 And there are two distinct kinds of economic loss. One is pure economic loss and the other is consequential economic loss in negligence. Pure economic loss is that which is “ a category of loss that is suffered by the claimant that is not consequential upon or stemming from physical damage to a person or personal property.” 3 It is generally defined as the economic loss that proximately results from failure of the goods to function as warranted, loss of goodwill, loss of business reputation, and other loss proximately... prove...
5 Pages(1250 words)Essay
Recovery of economic loss in negligence
...?Recovery of Economic loss in negligence Introduction This paper seeks to study recovery of economic loss in negligence, distinction between consequential and pure economic loss with special reference to ‘Floodgate’ argument and accountant’s liability to non-clients in negligence. Consequential economic loss Consequential economic loss is a loss arising in a situation where an affected person does not earn the level of profit that would have been earned in the normal course by remaining...
5 Pages(1250 words)Essay
In Tort law, pure economic loss is never recoverable in an action for negligence
...?In Tort law, pure economic loss is never recoverable in an action for negligence Introduction This paper seeks to assess the ment “In Tort law,pure economic loss is never recoverable in an action for negligence’. Negligence in tort law may be in respect of negligence in duty of care or negligent misstatement which may result in economic loss to a third party. Generally speaking, if the economic loss is relatable to damage to the plaintiff or the plaintiff’s property, it could be properly construed as...
7 Pages(1750 words)Essay
I dont know a topic
...this love. As the poem starts off, this wanted love is beautiful, and the protagonist wants nothing more than to be loved by this being. He imagines how perfect it all would be. Then he realizes what life would be like if the other person did not love him back. At the end of the poem, he makes it clear that if he does not get the love that he wants, he will be nothing more than a slave to his heart and his need for love. “A Mad Heart” discusses the author’s need to obtain a certain cup, one that holds within it spiritual and religious truth and understanding. However, this need is felt more out of envy and lust, rather a need to simply have such a marvelous thing. The author, though, understands what it...
1 Pages(250 words)Essay
I dont know yet
...” and the “concentration of ownership” assessed in terms of the percentage share of the largest owners. In contrast, the relevant dependent variables or company performance variables appropriate from the data set are MBV and ROCE. There was no need to use the variable “industry” because it is irrelevant for the focus of our study. Of course, our study can also cover whether the effect of the independent variables differ in each type of industry or whether the specific effect of the independent variables vary depending in manufacturing, services, and primary industries. However, we need not do this. Similarly, we do not have to cover firm size based on assets because firms can be small...
8 Pages(2000 words)Assignment
I dont know have a suitable alliance. For instance, I made use of my education in the U.S. as an opportunity to be free from male domination. To be specific, most of the male dominated societies hesitate to allow independence to the womenfolk. The thing that I learned from getting engaged is that education can help one to choose the most suitable individual. Now I feel so happy because I am independent to take decisions on my own. Seligman opines that “Happiness in the present moment consists of very different states from happiness about the past and about the future, and itself embraces two very distinct kinds of things: pleasures and gratifications” (102). Now...
2 Pages(500 words)Essay
Dont know
...Intimacy with Coffee A day without coffee is like fashion without accessories. Ever since I could remember as a young perky and nosy child, I had been so intrigued with the cup of aromatic beverage, steamingly hot, that one’s father gets to savor and indulge in the sumptuous breakfast table. Amidst the pile of hotcakes dredged in butter, marmalade and syrup, I could not help but ask what the fuzz was about freshly brewed coffee that mother religiously make. She lovingly responded, crisp and clear as a streak of early morning sunrise that breaks the dimly lit dawn, that I could not yet have this adult beverage yet until I am old enough to...
2 Pages(500 words)Essay
I dont know
...Bushra Sumir Mhaireth Al Shammari Address Phone Email of Chair of Department Nursing RE: Application for Master’s Degree in NursingDear graduate coordinator, The impact that nurses have in the society is amazing. Who would not want to be a nurse? All through my childhood, I have always wished to have the power to help sick people, especially those who cannot afford healthcare in my community. Since then, I have worked my way through school to pursue this objective. Nursing is essential field that everyone should learn. I intend to be the best nurse in the world. This application is based on my interest to master in...
1 Pages(250 words)Essay
Why Quants Dont know Everything
...Why Quants don’t know everything? of Institute> This paper discusses the sensitive issue of marital infidelity. A cheating partner can inflict very traumatic feelings and the marriage can remain scarred forever even if it doesn’t break after the blow. With this paper I wish to share my experience of having been at the receiving end of a similar experience. While the incident left me scarred, it also made me realize different techniques that can be used to counsel other women going through a tough phase in their marital life. This paper shall discuss the counselling techniques in detail. a) Data analytics influence the traditional data operations and decision makings in most industries. According to Felix Salmon, for any discipline... and...
3 Pages(750 words)Research Paper
I dont know chose the one that fits the story
...recalls, “Sometimes, after dark, a man would come to have his hair done. It was Mr. Charlie Carroll… At first, mama did him after my brother, Rocky, and I had gone to sleep. It was only later that we found out that he had come to our house so mama could iron his hair”. This quotation makes an exposition of how during Gates’ childhood, some men used to straighten their hair, men however were shy of this practice and that is why the sought this service at night. Gates makes this exposition, again, through the use of monologue as a literary device. This exposition helps to connect Gates’ intended audience with how ironing air among black Americans had become so common to the extent that...
4 Pages(1000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic It is an exam question and I dont know what title will it have, however the topic is called economic loss, focus on negligence misstatement for FREE!
Contact Us