Study each of the following case carefully. Briefly state the principle of law and your decision. Chard
Question:
Study each of the following case carefully. Briefly state the principle of law and your decision.
Chard completed an educational program in financial planning and was awarded the certification offered by a national association of financial planners. He set up a business to offer his financial planning services to the general public. One of his first clients, Roblee, sought Chard’s advice on investments and insurance. Chard prepared a written report that included a recommendation to purchase shares in a real estate venture. Because Chard neglected to verify the financial status of the real estate venture, Roblee lost a significant amount of the money he had invested in the venture. With almost no prospect of ever recovering the investment, he sued Chard, charging negligence. Is Roblee likely to succeed in the suit?
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