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United Kingdom Leading Case deceitcompensatory damages

Smith New Court Securities Ltd v Citibank NA

[1997] AC 254
JurisdictionUnited Kingdom
CourtUK House of Lords
Year1997
StatusBinding authority

Summary

In deceit, the claimant recovers all losses directly flowing from the fraudulent misrepresentation, without the remoteness limitation applicable in negligence.

Key Principle

In a deceit case, the plaintiff is entitled to recover all losses flowing from the fraudulent misrepresentation, including consequential losses not limited by the remoteness rules applicable to negligence.

Area of Law

tort

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