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9. John and Peter are partners in a firm of chartered accountants that specialises in tax management for wealthy clients. Without John's knowledge, Peter misappropriates
9. John and Peter are partners in a firm of chartered accountants that specialises in tax management for wealthy clients. Without John's knowledge, Peter misappropriates millions of dollars from his clients over many years, secretly adding his name as a beneficiary to dividends that are distributed to the clients by the firm. When the misappropriation is discovered, the clients seek compensation from John (Peter having disappeared to Mexico). Advise John whether he is liable.
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