The Caparo Case, formally known as Caparo Industries plc v Dickman and others (1990), is a landmark legal case in which the House of Lords ruled that auditors owe a duty of care to existing shareholders as a body rather than to individual shareholders. This decision significantly shaped the landscape of auditor liability and professional responsibility.
Due Care refers to the degree of care that a person of ordinary prudence and reason, a 'reasonable man,' would exercise under specific circumstances. It is a critical concept in tort law used to determine the standard of care or legal duty one owes to others, indicating a fundamental legal obligation. Negligence is characterized by the failure to exercise due care.
A comprehensive overview of the Standard of Care in professional practice, detailing the duties, expectations, examples, and implications within various fields.
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