Doris meets Jamie for the first time at the ladies' fitness class and they get along extremely well. After the class, they go out for coffee together. Doris is an experienced financial analyst and adviser, and knows the share market intimately. When Jamie realises Doris's occupation and experience, she tells Doris about her financial situation. After her recent divorce, Jamie is financially stretched and has limited savings; and the money she has in a savings account is earning zero interest. She has heard about an IT company that is making an IPO (initial public offer) of shares. She asks Doris whether she knows anything about the IT company. She also asks whether she should put all her savings in the shares, because other friends have told her she will probably make a sizeable profit in no time. Doris says she has heard good things about the IT company. She further says that the offer will probably be fully subscribed, but that Jamie should buy as many shares as she is allowed. Jamie thanks her and says she will put in an application as soon as she gets home. Jamie is successful and uses all her savings to buy the shares allocated to her. Disappointingly, the share price fails to rise and within six months the company goes into receivership, causing considerable distress to many hundreds of investors, including Jamie.

Advise Jamie if Doris owes her a duty of care for negligent statement causing loss. (DO NOT DISCUSS ANY OTHER ELEMENTS OF THE TORT OF NEGLIGENCE. FOCUS ONLY ON DUTY OF CARE.)

Answer in IRAC format