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Financial Loss but no damage caused Graham Wedgbury

Financial Loss but no damage caused Graham Wedgbury | Insurance but not as we know it | Scoop.it

Junior Books Ltd v Veitchi & Co. Ltd (1982).520HL
Junior Books commissioned a factory, and their architects nominated Veitchi, as specialist subcontractors, to lay a concrete floor. The subcontractors entered into a contract with the main contractor, but not with the owners. The floor developed cracks and Junior Books brought an action against the subcontractors in negligence. They claimed the cost of replacing the floor and as well as consequential economic loss. The subcontractors claimed that in the absence of a contractual relationship, and as the floor was not a danger to persons or other property, there was no cause of action. The Court of Session held that the owners were entitled to proceed with the action. The subcontractors appealed on the basis that subcontractors were similar to manufacturers or suppliers of goods or work, and the decision would give the same warranty regarding the goods to an indeterminate class of potential litigants. The House of Lords found against the subcontractors. They maintained that there was physical damage as well as consequential economic loss and proximity. The subcontractors were nominated by the owners, and must have known that the owners relied on their skill and experience, therefore the damage was a direct foreseeable result of their negligence. -

 

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Geneva Motor Show: Maserati GranTurismo Sport - Autoblog UK

Geneva Motor Show: Maserati GranTurismo Sport - Autoblog UK | Insurance but not as we know it | Scoop.it
It now delivers 460bhp and comes with a rather perky 383lb ft. That means it'll hit 62mph from rest in just 4.7 seconds and will go on to 186mph. Zingy. Looking at the numbers, though, you get the impression that an Audi R8 ...
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