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Ultramares v Touche: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "A great case in negligence which placed bounds on the extent to which a wronged neighbour can claim damages for breach of duty of care. The auditors Touche Niven gave Fred St...") |
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{{Casenote|Ultramares|Touche}} is a famous case in negligence which placed bounds on the extent of neighbourliness, and who can claim damages for breach of duty of care. | |||
The auditors Touche Niven gave Fred Stern & Co., a rubber importer, an unqualified audit certificate, negligently not noticing that it had falsified its accounts receivable. Touche knew that the audited accounts would be used to raise money. Relying on the accounts Ultramares lent money to Fred Stern & Co. | The auditors Touche Niven gave Fred Stern & Co., a rubber importer, an unqualified audit certificate, negligently not noticing that it had falsified its accounts receivable. Touche knew that the audited accounts would be used to raise money. Relying on the accounts Ultramares lent money to Fred Stern & Co. | ||