Buy custom business law-Historical development of the tests 
    
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            | Topic: | English | 
        
            | Number of pages / Number of words: | 4 / 952 | 
                
    
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And the House of Lords apparently extend liability for economic loss to encompass traditional contract liability.
O Retraction of negligence
From about 1983 the courts started to rein back the development they had unleashed. The case in point is Caparo Industries Pty. Ltd. v Dickman [1990] 1 All ER 568...
        
        
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In this case, the court held that the company??s auditors didn??t owe a duty of care to the respondents who purchased shares in reliance on the audited accounts they had negligently prepared. Although it is foreseeable that persons use the audited accounts to determine whether to purchase shares, and may suffer economic loss if the accounts are inaccurate, it was insufficient to establish a duty of care...
        
        
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            General points of the essay
            
                                    Product Liability
                                    Accountant'S Liability To Third Parties
                                    auditor liability
                                    Liability
                                    Product Liability Law
                                    Product Safety and Liability
                                    business law-Historical development of the tests
                                    Product Liability : Example Case
                                    Aircraft Law: Liability
                                    Liability in homebuilt Aircraft
                                    Limited Liability
                                    letter of liability
                                    random liability law
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