When looking at liability for a negligent misstatement the court must find both a transaction which was the purpose of the giving of the advice and the foreseeability that the advice or statement would be relied upon in that transaction. While the test whether these requirements are fulfilled is objective, it must be answered by reference to what was, or ought to have been, within the parties knowledge.
Megaw LJ.
[1974] 1 Ll L R 246
England and Wales
Updated: 14 October 2021; Ref: scu.186282