What Explanations Have Been Suggested for the Fact That,generally,damages Are

question 69

Essay

What explanations have been suggested for the fact that,generally,damages are not available to compensate for pure economic loss sustained as a result of negligence?

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Definitions:

Cost

The monetary value incurred in the production of goods and services, including materials, labor, and overhead expenses.

Raw Materials

Basic materials that are used in the production process to create finished goods, often reflecting a significant portion of manufacturing costs.

Accounts Payable

Liabilities owed by a business to creditors for goods and services purchased on credit.

Accounts Receivable

The money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.