MGSC30H3 Final: Study Notes for Final Exam
Document Summary
Mgtc31h3 - business law f i nal exam. Chapter 6: tort l iabil i t ies of business. Professional person with skills not possessed by most individuals the professional-client relationship. Surgeon, child and sponge case: child dies as a result of a sponge left in throat surgeon is found guilty of negligence because he did not do everything in his power despite warnings. Informed consent: a full and understandable explanation of the risks associated with a course of action and the clear understanding by the client or patient. Negligent misrepresentation: negligent misstatements made by professional to client; breach of duty of care. Test for negligent misrepresentation: was harm foreseeable, was there a relationship between the parties of sufficient proximity. 1 www. notesolution. com: would it be just and reasonable to impose duty on party making statement. Accountants: duty to accurately prepare financial statements of publicly traded corporations.
