Economic Loss Doctrine - How To Discuss

calendarJul 1, 2022 · 3 min read  ·
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Economic Loss Doctrine,

Economic Loss Doctrine: What is the Meaning of Economic Loss Doctrine?

  • Legal rule that excludes claims of purely financial loss to the injured party if there is no agreement with the offender. This argument has been used by design professionals to avoid liability for claims of contractors, tenants and others who have suffered financial loss as a result of design errors or omissions.

Literal Meanings of Economic Loss Doctrine

Economic:

Meanings of Economic:

  • About the economy or the economy.

  • Justification in terms of profit

    • Sentences of Economic

  • Government economic policy

  • Many organizations need to thrive if they are to be accessible

    • Synonyms of Economic

    gainful, moneymaking, money-spinning, financially rewarding, productive, profitable, fruitful, profit-making, remunerative, lucrative

    Loss:

    Sentences of Loss

  • Avoid wasting time

    • Synonyms of Loss

    mislaying, misplacement, forgetting, overlooking, dropping

    Doctrine:

    Meanings of Doctrine:

  • Beliefs or beliefs that are held and taught by a church, political party, or other group.

    • Sentences of Doctrine

  • The theory of destiny

    • Synonyms of Doctrine

    teaching, creed, code of belief, belief, set of beliefs, conviction, dogma, credo

    Economic Loss Doctrine,

    What Does Economic Loss Doctrine Mean?

    • Economic Loss Doctrine means, Legal principle that eliminates the claim of net financial loss of the injured party if there is no contractual relationship with the offender. This argument has been used by design professionals to avoid liability for claims of contractors, tenants and others who incur financial losses as a result of design errors or omissions.

    Literal Meanings of Economic Loss Doctrine

    Economic:

    Meanings of Economic:

  • Economics or related to economics

  • Economically justified

    • Sentences of Economic

  • If many organizations are to be accessible, they must grow.

    • Synonyms of Economic

    commercially successful, cost-effective, solvent, commercial, viable, successful

    Loss:

    Meanings of Loss:

  • The fact or action of losing something or someone.

    • Synonyms of Loss

    deprivation, impoverishment, privation, forfeiture, squandering, waste, erosion, depletion, losing, disappearance, dissipation, reduction, diminution

    Doctrine:

    Meanings of Doctrine:

  • A belief or set of beliefs held and taught by a church, political party, or other group.

    • Synonyms of Doctrine

    canon, principle, idea, notion, maxim, theory, thesis, article of faith, tenet, ideology, precept

    Economic Loss Doctrine,

    How Do You Define Economic Loss Doctrine?

  • Legal rule that excludes the injured party from claiming net economic damages if there is no agreement with the offender. This argument has been used by design professionals to avoid liability for claims by contractors, tenants and others who have suffered financial losses as a result of design errors or omissions.

    • Literal Meanings of Economic Loss Doctrine

    Economic:

    Sentences of Economic

  • Many organizations need to grow if they are to be accessible

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