Sam was attending a Christmas party, when she happened upon an employee (Ashley) of the CIH Insurance Company. Sam asked Ashley his opinion about investing in CIS Company which is a co-subsidiary of the CIH Insurance Company.

Ashley stated that he thought this should be a sound investment. Based on Ashley's advice Sam invested in CIS Company, but it turned out that CIS Company was not a sound investment, so Sam lost all of her money.

Required:

Comment on whether Ashley and the CIH Insurance Company owed Sam a duty of care to take reasonable care when advising about the soundness of investing with CIS company. Base on Australian law.

Company.