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Daisy, an experienced investment advisor and accountant has a regular phone-in show on local radio. In her show she frequently gives investment advice to callers.
Daisy, an experienced investment advisor and accountant has a regular phone-in show on local radio. In her show she frequently gives investment advice to callers. One day in response to a caller's questions she advises investing in Big Deal Ltd. Madison, a listener hears the broadcast and acting on the advice invests in Big Deal Ltd which subsequently goes into liquidation. She threatens to sue Daisy for her losses. Which TWO statements are most likely to be CORRECT: Madison is not likely to win this claim. Although she may be a foreseeable plaintiff, it is unreasonable for Madison to rely on Daisy's advice in the circumstances. Madison is likely to win this claim as Daisy is a professional and will be held to account for losses under the principles of Hedley Byrne v Heller. O Madison is likely to win since it is reasonable for Daisy to have known there would be listeners, like Madison, relying on her professional advice. Madison is likely to win this claim subject to proof that she relied on Daisy's advice. Madison is likely to win if she relied on the advice unless Daisy failed to give a disclaimer at the start of the radio programme. Madison is not likely to win this claim. Although she may be a foreseeable plaintiff, there is no special relationship with Daisy
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