what is the difference between physical loss of property and loss through liability?
There is a fundamental distinction between “pure economic loss” and “consequential economic loss”, as pure economic loss occurs independent of any physical damage to the person or property of the victim. [ Usually, "pure economic loss" in tort, particularly in negligence, is not recoverable as damages or otherwise. It has also been suggested that it be called "commercial loss" as injuries to
person or property could be regarded as "economic"
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