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Author Question: A land appraiser prepared an appraisal of a property for a real estate development company. The ... (Read 58 times)

charchew

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on: Aug 7, 2021
A land appraiser prepared an appraisal of a property for a real estate development company. The appraiser had been told that the appraisal would be used by the company to attract potential investors. Because the appraiser forgot to check the recent changes in the zoning by-laws, the appraisal was not accurate; the investor, a party unknown to the appraiser, was misled about the value of the land and, consequently, suffered a financial loss. On these facts, which of the following is true?
◦ A land appraiser owes a duty of care to his client and the company, but not to any potential investors.
◦ A person cannot be sued for words that cause loss, only for actions that cause physical injury.
◦ The investor may sue the appraiser for negligent misstatement that resulted in economic loss.
◦ A land appraiser owes a duty of care to his client and to potential investors only if he knows the name of the investor.
◦ The investor must suffer his own loss, because an investor takes the risk and so must take care.
Legal Fundamentals for Canadian Business ¦ Yates ¦ 4th Edition
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Marked as best answer by charchew on Aug 7, 2021

Pamela.irrgang@yahoo.com

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Reply #1 on: Aug 7, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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charchew

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Reply 2 on: Aug 7, 2021
:D TYSM

bigcheese9

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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