That mini lecture has certainly cleared up my understanding of pure economic loss, you simplify the subject so well without losing important detail. Many thanks.
You have to apply all the tests of Hedley Byrne but as he is an accountant and he must be fully aware of the implications of the advice he is giving to his client then as a quick and dirty answer I would suggest he is liable. Although as I say we would have to work through HB step by step
These videos are amazing! Thank you for making them and allowing them to be free! Regarding your point on 15:27 isn't it in the textbook that "the person giving the advice need not be a professional adviser as in the case of Lennon v Commissioner of the Metropolis 2004"? Much appreciated :)
hi i have a question if an accountant was to give advice to his client about taking out a loan after a meeting with his client (this was about a different matter: his accounts) and his client listens to his advice and then consequently cant keep up with the payments because of the high interest rates. is the accountant liable and can the client claim for economic loss?
One peice of feedback, i would love for you to describe the exclusion clause in reference to the misstatement negligence peice and how i could possibly apply it. Thanks for the video - got me out of a rut! Was so confused prior to this.