BU231 Lecture Notes - Lecture 16: Fiduciary
Document Summary
Tell you to do certain things but not to do anything until you give them permission-that is not fiduciary. It asked its own bank to obtain credit information on easipower, and in particular whether. Easipower would be good for a line of credit up to certain limits: the bank manager made inquiries from heller & partners (easipower"s bankers) about. Easipower"s creditworthiness, without revealing hedley byrne"s identity, saying only that a customer had inquired. Heller neither dealt with nor even knew the identity of hedley byrne, heller should have foreseen that its information would be used by a customer of the other bank. It therefore owed that customer a duty of care. More investigation should have been taken before expressing an opinion about the financial state of easipower, so the standard of care was breached: however, the court held that, because the disclaimer of responsibility was added,
