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| Topic: |
Business
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| Number of pages / Number of words: |
8 / 2113 |
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The notion that those which have been wronged, either directly or indirectly, deserve compensation for their estimated loss is one which first found favor in the case of Thomas v. Winchester in 1942. (Minnis p.4) In this case, for the first time a third party received compensation. (Minnis p.4) The precedent set by this case is the notion of duty owed to a third party-- if it ascertains that a duty is owed t hen a third party has a right to seek compensation...
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Winchester in 1942. (Minnis p.4) In this case, for the first time a third party received compensation. (Minnis p.4) The precedent set by this case is the notion of duty owed to a third party-- if it ascertains that a duty is owed t hen a third party has a right to seek compensation. The case which most directly affected auditors is a case filed in the UK, Hedley Byrne and Co Ltd v Heller and Partners Ltd
(1964)...
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