COMM231 Chapter Notes - Chapter 22: Livent, Fiduciary, Natural Justice
14 Feb 2016
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This chapter is critical to you as a future professional. It explains how business makes use of professional services. It also discusses your responsibilities as a professional to your client who may or may not be your employer, to others who may rely on your professional work, and to any professional bodies that regulate your profession. The key to this chapter is your understanding what it means to be a profession and a professional. The basic duties in contract and tort are the same as you have already learned (remember, e. g. the negligent misrepresentation leading to economic loss). As you work through this chapter, consider again the hercules management and. Livent inc. cases (in chapter 11: fiduciary responsibilities. The concept of fiduciary is essential that you. The most important new concepts: understand and remember. It will form the basis of much else in the course e. g. agency, partners and directors" responsibilities.
