The Confusion Continues: The New Dynamic of the Economic Loss Doctrine in Kansas
Author(s) -
Grant Treaster
Publication year - 2014
Publication title -
kansas law review
Language(s) - English
Resource type - Journals
eISSN - 1942-9258
pISSN - 0083-4025
DOI - 10.17161/1808.20276
Subject(s) - confusion , doctrine , law and economics , political science , environmental ethics , law , economics , philosophy , psychology , psychoanalysis
The economic loss doctrine has been labeled “obscure,” “confusing,” and “concerning.” 1 In its most basic form, the economic loss doctrine bars plaintiffs from making tort claims based on only economic losses. 2 The doctrine is most typically applied to product liability claims. 3 When the doctrine is applied, plaintiffs can recover for economic losses—as opposed to personal injury or property damage—only if they win on some other claim, such as breach of warranty. 4 Although a precise definition of economic loss is difficult to ascertain and varies by jurisdiction, it encompasses “loss of the bargain, repair and replacement cost, loss of profits, and/or goodwill, including diminution in value.” 5 The economic loss
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