TORT LAW

English Law of Tort

English Law of Tort

Economic Loss

Economic loss has no strict definition to follow. The universally acceptable definition of economic loss is a case that deals with injuries that do not result in a person's death, personal injury or private property damage. Such torts do not include claims made on copyright infringement. The cases that fall under the category of economic loss usually have no or little extent of commonality in them. The cases concerning economic loss vary in nature such as responsibility for negligent statements, on which the petitioner depended, convincingly.

Economic Losses and the Practical Remedies

. Other form of tort cases can be in the form recoil damages that result in the petitioner suffering from personal injury. Economic loss torts also deal with causing a breach of contract for personal gains.

The concept of pure economic loss covers very dissimilar subjects such as a liability for negligent statements (on which the plaintiff reasonably relied), ricochet damage to third parties in case of personal injury, and liability for inducing (or profiting from) breach of contract. Economic loss torts spans across an array of legal issues that have varying methods of handling techniques in different legal structures. Nonetheless, economic tort loss consists of the following key categories the can help better understand the concept. The case of Spartan Steel & Alloys Ltd v Martin & Co (contractors), majority agreed that Martin & Co Ltd was liable to perform a duty of care. The damage that Spartan Steel suffered was predictable and avoidable. Spartan Steel suffered pure economic losses due to the blackout and were thus liable to receive monetary compensation (Edwards et. al, 2011, pp. 550).

Pecuniary Loss

Pecuniary loss is a term used to define economic loss that an individual's family suffers upon his/her death. To explain pecuniary loss, suppose a person earns £30,000 a year at 35 years of age. Considering the annual income, we can predict the amount he/she would earn over the next years of his/her life. If the person dies during employment, his or her family would be liable to receive the estimated amount of money as per contract between the person and the company.

Non-Pecuniary Loss

Non-pecuniary loss refers to damages that do not include monetary compensation in case of an injury. This refers to injuries that cause pain, illness or physical disabilities that has permanent effects on the health of the individual. For non-pecuniary losses to have monetary compensation there needs to be an insurance covering industrial injuries.

The tort law of the United Kingdom shows concern for social offences that are distinguishable from illegal crimes according to the regulations of the United Kingdom. For crimes against the state, the general police enforce order and file a criminal case prior to presenting the culprit in the court of law. The law of tort is unenforceable by the general police. Rather, a tort case is a law suit by one citizen against another. The defendant in this case appears in front of a judge ...