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#law #negligence #pel #tort
James McNaughton Paper Group Ltd v Hicks Anderson [1991] All ER 134 was another case concerning advice given by auditors, this time in respect of a company take-over. The advisees were carrying out the take-over and it was held that, as they were experienced business people, it was not reasonable for them to have relied solely on the draft accounts prepared by the defendants. They should have obtained independent advice.
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