The reliance element has been important in cases involving house purchases
The law of tort does not generally allow recovery of compensation for pure economic loss (i.e. any financial loss that is not the result of physical injury or property damage). However, similar to the law relating to psychiatric injury, the rules concerning when a duty of care is owed have been adapted by the courts.
A claim for economic loss suffered as a result of the defendant’s negligence may be made in the following situations:
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