swarb.co.uk - law index
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Financial Services - From: 1970 To: 1979
This page lists 3 cases, and was prepared on 20 May 2019.
Mutual Life And Citizens' Assurance Co Ltd And Another v Evatt [1971] 2 WLR 23
16 Nov 1971
PC
Lord Reid, Lord Morris of Borth-y-Gest, Lord Hodson, Lord Guest and Lord Diplock
Negligence, Financial Services
The plaintiff had been an investor with the defendant. He asked them about an associated company. He was given advice which was incorrect. He claimed damages for negligence. Held: The company was not itself in the business of giving such advice. The advice had been gratuitous. The company had appreciated that he might act on the advice. However they owed him no duty of care, and therefore were not liable in damages. The company made no claim to have the necessary skill to give advice on investments, and their only duty was to give honest advice, which they had done. Lord Reid and Lord Morris of Borth-y-Gest dissenting.
1 Cites
[ lip ]
Orakpo v Manson Investments Ltd; HL 1977 - [1978] AC 95; [1977] 3 All ER 1
Societe Generale Alsacienne De Banque Sa v Koestler R-15/78; [1978] EUECJ R-15/78
24 Oct 1978
ECJ
Financial Services
Stock-exchange time bargains and freedom to provide services.
[ Bailii ]