Watch the video and then discuss the advice you would offer before comparing your ideas with those suggested.
Suggestions
- Consequential economic loss is usually recoverable but since Murphy v Brentwood District Council [1991] pure economic loss is not.
- The damage to the furnaces and the loss of profit on damaged metal is consequential economic loss because it arises from physical injury and is likely to be recoverable.
- The lost profit on the metal that was not melted does not arise from physical injury and as such is pure economic loss and is not recoverable.