Chapter 5 negligence, professional liability, and insurance. See table 5. 1 on p. 127 (negligence: the required ingredients) Negligence: it"s a, b, c, and d: negligence inadvertent or unintentionally careless conduct causing injury or damage; failure to live up to a duty to be careful to someone else. If a rescuer gets hurt, author of the danger is responsible for both rescuer and victim => rescuer has not voluntarily assumed risk. Special situations property (not owners: people who occupy property have obligation to people injured on their, occupier of land has different obligations to those on their property: Strict liability financial statements: negligent words causing economic loss may be actionable, case: accounting firm liable for losses caused by incorrect. Liability of professionals and other experts: professional liability and insurance costs are important parts of a business. Liability must be founded in contract law, fiduciary duty, or tort: a reasonable level of performance is implied, but there may be disclaimers in.