In Which Case Did the House of Lords First Suggest

question 9

Multiple Choice

In which case did the House of Lords first suggest that a negligent misstatement could give rise to an action for financial loss?

• A)Donoghue v Stevenson [1932] AC 562.
• B)L Shaddock & Associates v Parramatta City Council (No 1)(1981)150 CLR 225.
• C)Hedley Byrne & Co Ltd v Heller & Partners Ltd [1964] AC 465.
• D)Esanda Finance Corporation v Peat Marwick Hungerfords (1997)71 ALJR 448.

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Definitions:

Complementary Resources

Natural or manufactured materials that work together with another resource in production to create a product or service.

Productivity

A measure of the efficiency of production, often expressed as the ratio of output to input in the production process.

Marginal Revenue Product

The extra income produced by utilizing an additional unit of a resource or production factor.

MRP Curve

The Marginal Revenue Product curve, representing the additional revenue generated by hiring one more unit of a resource in the factor market.