Discuss whether bill has any legal rights against hilary

Assignment Help Operation Management

Reference no: EM131030254

Bill and Hillary are friends. Bill has recently retired and now has $450,000 in super. He asks Hillary, an accountant, if he should invest $200,000 of his super funds in Midget Widgets Ltd. Hillary tells Bill that she has looked at the accounts of that company and it is a good investment. Hilary does NOT charge Bill for her services, as they are friends. Unfortunately, Hillary has misread the accounts of the company, which is almost insolvent. Bill invests his money and Midget Widget immediately goes into liquidation and Bill loses all $200,000. Bill discovers that many accountants/financial planners were aware of the poor financial position of the company and warnings had been published in several accounting journals and financial newspapers that Midget Widget was in financial trouble. Discuss whether Bill has any legal rights against Hilary. In your answer consider if the legal position would be different if Hilary had charged Bill for her services.

Reference no: EM131030254

Questions Cloud

Write a reflection paper about the given article : Write a Reflection Paper about the article "From Ferguson to Baltimore: The Fruits of GovernmentSponsored Segregation".

Total transportation and in-transit and safety holding cost : An appliance manufactuer has a plant near Toronto that receives small electric motors from a manufacturer located in Winnipeg. The demand for the motors is 120,000 units per year. The cost of each motor is $120. If the holding cost rate is 25 percent..

Financial newspapers-midget widget was in financial trouble : Bill and Hillary are friends. Bill has recently retired and now has $450,000 in super. He asks Hillary, an accountant, if he should invest $200,000 of his super funds in Midget Widgets Ltd. Hillary tells Bill that she has looked at the accounts of th..

How films engage social concerns and have lasting effects : Based on the films you have watched and the ways you have learned to interpret meaning in them, discuss your ideas about how films engage social concerns and have lasting effects on society.

Discuss whether bill has any legal rights against hilary : Bill and Hillary are friends. Bill has recently retired and now has $450,000 in super. He asks Hillary, an accountant, if he should invest $200,000 of his super funds in Midget Widgets Ltd. Hillary tells Bill that she has looked at the accounts of th..

Discuss the security threats this type of technology creates : Given the shift toward mobile commerce, do a sear on "mobile commerce crime." Identify and discuss the security threats this type of technology creates. Present your vision of the new opportunities for cybercrime that mobile commerce may provide.

Calculate the current eps and p/e ratio : Flyrite Company currently has net income of $9 million and 3 million common shares outstanding, which sell for $33/share. Flyrite has decided to issue new stock to raise $4,000,000 to expand its operations. Flyrite's investment banker will sell the s..

Should be willing to bear in order to perform their chunking : Zipco is in serious negotiations to purchase a chunking machine that will enable them to perform their own chunking at $1.25 per unit. They currently have their chunking outsourced at a cost of $1.75 per unit and a fixed cost of $45,000. Their market..

A public offering of common stock : Dixon Corporation is considering a public offering of common stock. The firm will offer one million shares of common stock for sale. The estimated selling price is $45 per share, with Dixon Corp. receiving $40.50 per share after the offering. Additio..

User Account

All Pages