An environmental audit and assessment for a property was prepared by a defendant for Noranda Metal...
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An environmental audit and assessment for a property was prepared by a defendant for Noranda Metal Industries Ltd. The report included the disclaimer that the report was prepared for Noranda and accepted no responsibility for damages by any third party who may rely upon that report. The property was sold to Wolverine Tube (Canada) Inc. and the audit and assessment was shown to the buyer who relied upon its content. Later, the property was found not to be as described and the plaintiff sued for negligent misrepresentation. The courts upheld the disclaimer of responsibility which appeared at the top of the document. 1. What is an "environmental audit and assessment for a property?" 2. What does it means when : "The courts upheld the disclaimer of responsibility which appeared at the top of the document?" 3. What is "negligent misrepresentation" and how does it prefigure in this case study example? An environmental audit and assessment for a property was prepared by a defendant for Noranda Metal Industries Ltd. The report included the disclaimer that the report was prepared for Noranda and accepted no responsibility for damages by any third party who may rely upon that report. The property was sold to Wolverine Tube (Canada) Inc. and the audit and assessment was shown to the buyer who relied upon its content. Later, the property was found not to be as described and the plaintiff sued for negligent misrepresentation. The courts upheld the disclaimer of responsibility which appeared at the top of the document. 1. What is an "environmental audit and assessment for a property?" 2. What does it means when : "The courts upheld the disclaimer of responsibility which appeared at the top of the document?" 3. What is "negligent misrepresentation" and how does it prefigure in this case study example?
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1 An environmental audit and assessment for a property typically involves evaluating the environment... View the full answer
Related Book For
Auditing Assurance Services and Ethics in Australia an Integrated Approach
ISBN: 978-1442539365
9th edition
Authors: Alvin A Arens, Peter J. Best, Greg Shailer, Brenton Fiedler
Posted Date:
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