Question
1.Mr Andrews is extremely proud of his recent appointment as managing director of Miniatureworld, a limited company specialising in the manufacture of dollshouses and dollshouse
1.Mr Andrews is extremely proud of his recent appointment as managing director of Miniatureworld, a limited company specialising in the manufacture of dollshouses and dollshouse accessories. In order to boast of his accomplishment, he throws a dinner party for a number of friends and business acquaintances, including his childhood rival, Mr Brown, a successful venture capitalist. Before his guests arrive, Mr Andrews deliberately leaves in a conspicuous place a draft copy of a company newsletter that he has been preparing for selected prospective investors. In this draft, he describes Miniatureworld as offering extremely lucrative investment opportunities, and he backs up these claims with reference to numerous facts and figures from the company's audited accounts. Later on that evening, just as Mr Andrews had hoped, Mr Brown surreptitiously reads this draft newsletter. Deciding that this is an opportunity not to be missed, and without telling Mr Andrews of his plans, Mr Brown then invests all of his money in the company a few days later. It turns out however that, in preparing the newsletter, Mr Andrews has actually been relying on the accounts from the previous year. The up-to-date accounts in fact show that the company is in a dire financial situation, and indeed 3 months later it goes into liquidation. Mr Brown consequently loses all of his money and eventually becomes completely destitute.
Mr Brown ends up so depressed at his situation that one day he commits suicide by throwing himself in front of a speeding car.
Advise Mr Brown's estate on any rights they may have in tort.
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