In Order to Establish That a Person Giving Advice Owed

question 32

Multiple Choice

In order to establish that a person giving advice owed a duty of care, the plaintiff does not have to prove:

• A)The advice caused harm to the person or property of the plaintiff.
• B)The advice was of a business or serious nature.
• C)The person giving advice knew or should have known that the plaintiff intended to rely on the advice.
• D)It was reasonable in the circumstances for the plaintiff to rely on the advice.

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Definitions:

Administrative Expenses

Costs related to the general operation of a business, including salaries of administrative personnel, office supplies, and other non-production-related expenses.

Cash Receipts

The collection of money, including coins, notes, checks, and electronic transfers, by a business from its customers or other sources.

Cash Available

Refers to funds that a company or individual can immediately use or access for payments, investments, or other financial needs.

Disbursements

Payments made by a business, often involving cash outflows for operating expenses, acquisitions, or investments.