Construction
Mar. 1, 2001
'Aas' It Were
The economic-loss doctrine permeates products liability law, holding that one may not recover pure economic losses, such as a product failure without accompanying property damage or personal injury, in a tort action based on strict liability and negligence. Rather, pure economic losses remain within the province of contract law and fraud.
The economic-loss doctrine permeates products liability law, holding that one may not recover pure economic losses, such as a product failure without accompanying property damage or personal injury, in a tort action based on strict liability and negligence. Rather, pure economic losses remain within the provi...
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