---:: a simple dictionary of legal terminology and relevant cases ::---
09/10/2008
E
TORT: Economic loss - There is no problem when a financial loss is a consequence of physical injury or damage to a claimant's property. Issues arise when this financial loss is unaccompanied by other damage. As a general rule, there is no liability for it, aside from careless false statements and some other acts based upon the assumption of responsibility.
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