English Law Basics · glossary
Money lost with no damage to property or person behind it, such as lost profit. Negligence usually does not pay for it. So Marrowby’s lost profit is no better in tort than in contract. Research note 5, answer (internal) · Chapter 7 · see Negligence
Explained in Chapter 7, Negligence and Misrepresentation: Tort Beside Contract, of English Law Basics.
Negligence also pays for less. It pays for damage to property, but usually not for pure economic loss: money lost with no damage to property or person behind it. Marrowby’s lost profit is pure economic loss. So lost profit is no better in tort than in contract, and it cannot dodge the contract by changing its name.Read Chapter 7, Negligence and Misrepresentation: Tort Beside Contract →
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