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Australia Leading Case pure economic loss

Caltex Oil (Australia) Pty Ltd v The Dredge Willemstad

(1976) 136 CLR 529
JurisdictionAustralia
CourtHigh Court of Australia
Year1976
StatusBinding authority

Summary

Pure economic loss is recoverable in negligence where the defendant knew the plaintiff was an identifiable individual who would suffer loss from the negligent act.

Key Principle

pure economic loss; recoverability where plaintiff was a known and ascertainable individual

Area of Law

tort

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