A negligent valuer's liability is limited to losses flowing from the information being wrong, not all losses caused by the transaction.
Tort — Professional Negligence
UKSC refined the SAAMCO scope-of-duty principle and established a six-stage framework for determining recoverable loss in professional negligence claims.
SAAMCO principle confirmed: a professional giving 'information' is only liable for losses attributable to that information being wrong, not all losses flowing from the transaction.
A doctor must disclose material risks that a reasonable patient in their position would consider significant, replacing the Bolam test for informed consent.
Get a detailed analysis of South Australia Asset Management Corp v York Montague Ltd (SAAMCO) and how it applies to your situation.
Explain South Australia Asset Manageme...