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Yue Xiu Finance Co Ltd & ANor v Dermot Agnew & Ors & Anor (1996):
D(accountants) prepared audits for 2 companies P let $ to these 2 companies
audit report made negligently relied on audits, P did not exercised repayment
rights & advance more $ to them company became insolvent
Whether D was liable to P for preparing reports negligenty?
CA said D, by accepting appointment as auditors, had immediately brought
themselves into close proximity with P and were liable for misstatememnt to P
Negligent advice or conduct by professional basis for that is assumption of
responsibiltty
Negligent performance of a service can make a D liable for pure economic loss
suffered by P (Henderson v Merrett Syndicate (1995)
Midland Bank Trust Co Ltd v Hett Stubs & Kemp (1979) solicitor who failed to
register an option to purchase was liable for economic loss suffered by client as a
result of not being able to purchase the land.
White v Jones (1995) Solicitors were liable to P (beneficiary) who lost their
benefit under a will because solicitor failed to write a will before father died