COMM231 Study Guide - Final Guide: Legal Aid, Fiduciary

• School: University of Waterloo
• Department: Commerce
• Course: COMM231
• Professor: Joseph Radocchia

Document Summary

Somebody who belongs to a self-governing membership who is legislated by law saying that this profession exists and they can govern themselves. Must be insured in order to be a professional. Can be liable in three areas: 1. Not completing contracts on time: 2. Sued under the tort of negligence: 3. Trust-like duty to his or her client. Disclaimer (confidentality) for hedley byrne"s bank and no one else. Had it not been the disclaimer it would have owed a duty of care to a third party that they had no relation with. Only type of damage you can sue for is financial and economic loss: in order to prove negligent misrepresentation you need to show: Plaintiff has to show that the statement that was made was untrue (misrepresentation) There is a relationship between the plaintiff and the defendant giving rise with duty of care (relationship that requires a duty of care)