Define Kirchoff's law and potential dividers.

 

    

Peter approached David, a chartered accountant, and asked his advice as to the financial position and profitability of a business that he was interested in investing. David, prepared a business report for Peter and concluded that it would be a profitable, secure and viable investment, in fact David made the comment that: "The business is booming and is a gold mine!" which in fact, induced Peter to enter into the investment. However, in preparing the business report David overlooked the fact that the proposed business to be invested in by Peter, had not provided sufficiently for bad debts. Thus, on reliance of David's statement and business report, Peter went ahead and invested his money in the business, but within three months the business Peter invested in was in serious financial difficulty and Peter was in serious danger of losing the majority of his investment. Does Peter have any claim against David in this situation? Explain in detail outlining the elements of negligence by the professional David.