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Judicial attitudes to professional liability for property investment advice

Judicial attitudes to professional liability for property investment advice Explores judicial attitudes in professional negligence casesaffecting liability for property investment advice. Focuses on thestandard of work required to discharge the legal duty of care and onapparent contradictions in approach by the courts. Reviews a series ofcases which are taken to exhibit traditional attitudes to professionalliability and studies modern cases which are irreconcilable with thoseattitudes. Includes liability to third party mortgagors and to thirdparty mortgagees in an analysis of the duty of care, and considers theimplications of the perceived expansion of the advisors professionalduties, which include potential conflicts of interest and the dichotomybetween the standards current among professionally qualified andunqualified practitioners. Suggests that judicial attitudes areinfluential in shaping the practice of property investment advice, butthat this intervention is fraught with difficulties as it createsuncertainty among professional advisors about the nature of the tasksundertaken. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Valuation Emerald Publishing

Judicial attitudes to professional liability for property investment advice

Journal of Valuation , Volume 8 (1): 27 – Jan 1, 1990

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0263-7480
DOI
10.1108/EUM0000000003278
Publisher site
See Article on Publisher Site

Abstract

Explores judicial attitudes in professional negligence casesaffecting liability for property investment advice. Focuses on thestandard of work required to discharge the legal duty of care and onapparent contradictions in approach by the courts. Reviews a series ofcases which are taken to exhibit traditional attitudes to professionalliability and studies modern cases which are irreconcilable with thoseattitudes. Includes liability to third party mortgagors and to thirdparty mortgagees in an analysis of the duty of care, and considers theimplications of the perceived expansion of the advisors professionalduties, which include potential conflicts of interest and the dichotomybetween the standards current among professionally qualified andunqualified practitioners. Suggests that judicial attitudes areinfluential in shaping the practice of property investment advice, butthat this intervention is fraught with difficulties as it createsuncertainty among professional advisors about the nature of the tasksundertaken.

Journal

Journal of ValuationEmerald Publishing

Published: Jan 1, 1990

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