St. Thomas Law Review
First Page
19
Document Type
Article
Abstract
The purpose of this Essay is to analyze the treatment and the types of tort and strict liability claims that courts are likely to redirect toward the Code's Article 2 remedies. Part I of this Essay examines the typical application of the economic loss doctrine. Part II considers the bargain policy underlying the Code that supports imposition of the economic loss doctrine in a variety of claims touching Article 2 matters. Part III outlines how the principles of the economic loss doctrine are a limited vehicle for resolution of claims that lie at the outer edges of the bargain as envisioned by the parties. Finally, Part IV conducts an exercise using the Chinese Drywall Litigation to demonstrate how characterizing claims made by aggrieved buyers is a more disciplined approach toward application of the economic loss doctrine. Part IV further evaluates the application of the doctrine to other property claims, including the extent to which the parties may either actually or impliedly take into account certain claims when entering into the sale of goods. This Essay concludes that modern application of the economic loss doctrine preserves the boundary between tort and contract, but should be subject to a less obscure approach that lends greater surety to parties and does not require judicial intervention in most cases.
Recommended Citation
Jennifer S. Martin,
Applying Economic Loss Doctrine to Article 2 Transactions: A Doctrine at a Loss,
25
St. Thomas L. Rev.
19
(2012).
Available at:
https://scholarship.stu.edu/stlr/vol25/iss1/3