Question
Tort Law Don Inherits RM200,000 from his late aunt and decides to invest some of the money. Since he has no knowledge or skill about
Tort Law Don Inherits RM200,000 from his late aunt and decides to invest some of the money. Since he has no knowledge or skill about investments, he decides to seek advice from Rodney Jones, an investment and financial adviser. Don strictly follows Rodneys written advice and invests half of his funds in Miracle Films Bhd. However, six months later, the company goes broke. Don Discovers that the poor financial health of Miracle Films Bhd is well known. It has even been the subject of a television program dealing with financial matters and an article has been written about the company in the financial sections of several major newspapers. As a result of the poor financial advice, Don loses RM100,000
Based on the relevant authorities, advise Don.
Would your advice be different if Rodneys written advice contains the following statements: All care has been taken on the suggested investments, but no responsibility will be accepted for the advice contained herein? Include previous case that is similar or relevant to the matter.
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