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30 Dec 2011

Document Summary

Chapter 6 special tort liabilities of business professionals notes. Fiduciary duty of care y y y y y y y y y y y y. A professional is a person who possesses specialized knowledge or skills, and who must meet and maintain a particular standard in the performance of his or her services to the public. Most professionals are members of professional associations that are responsible for the establishment of training, education and the standards of performance of the members, as well as the enforcement of the standards by an accreditation or licensing process. Professional liability may arise under contract or tort, or as a breach of fiduciary duty by the professional. A failure to perform a service in accordance with the standard of care established for the professional may constitute negligence.