Page 1 1 2 3 5 6 7 9 10 11 12 Question 26 (1 point) A land appraiser prepared an appraisal of a property for a real-estate development company. The appraiser had been told that the appraisal would be used by the company to attract potential investors. Because the appraiser forgot to check the recent changes in the zoning by-laws, the appraisal was not accurate; the investor, a party unknown to the appraiser, was misled about the value of the land and, consequently, suffered a financial loss. On these facts, which of the following is true? 1) A land appraiser owes a duty of care to his client, the company, but not to any potential investors. A person cannot be sued for words that cause loss, only for actions that cause physical injury. The investor must suffer his own loss, because an investor takes the risk and so must take care. A land appraiser owes a duty of care to his client and to potential investors only if he knows the name of the investor. The investor might sue the appraiser for "negligent misstatement causing economic loss." 13 14 15 2) 3) 16 17 18 4) 20 21 5) 22 23 24 Question 27 (1 point) Which of the following statements best describes the standard used by the courts to measure socially acceptable behaviour? MacBook 30 2 $ 4 9% 5 6 7 8