Negligent Misstatement

Question 1

Negligent Misstatement

Answer 1

Fact or opinion inducing reliance by another and resulting on him/her suffering loss.

Question 2

Test Requirement 1

Answer 2

Was there a duty of care based on a special relationship?

Question 3

Test Requirement 2

Answer 3

Was the advice or statement relied upon, and was the reliance reasonable?

Question 4

Test Requirement 3

Answer 4

Was the statement intended for the purpose for which it was relied upon?

Question 5

Test Requirement 4

Answer 5

Did the reliance on the statement cause harm?