Negligent misstatement
Negligent misstatement
- 1995
- Estates Gazette Case Summaries (1995) EGCS 188(1) (9/12/95) .
"First Interstate Bank of California v Cohen Arnold & Co" CA 28 November 1995. The plaintiff bank relied on a letter mistakenly asserting the wealth of the guarantor - action for negligent misstatement. Breach of duty admitted. Bank awarded damages for breach. Defendants appeal allowed in part. Amount for damages reduced to £2m.
ACCOUNTANTS
BANK LOAN
CHARTERED ACCOUNTANTS
NEGLIGENCE
NEGLIGENT MISSTATEMENT
"First Interstate Bank of California v Cohen Arnold & Co" CA 28 November 1995. The plaintiff bank relied on a letter mistakenly asserting the wealth of the guarantor - action for negligent misstatement. Breach of duty admitted. Bank awarded damages for breach. Defendants appeal allowed in part. Amount for damages reduced to £2m.
ACCOUNTANTS
BANK LOAN
CHARTERED ACCOUNTANTS
NEGLIGENCE
NEGLIGENT MISSTATEMENT