Cann v Willson
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Facts
A valuer instructed by a mortgagor sent his report to the mortgagee who made an advance in reliance on the valuation.
Judgment
The valuer was held liable in the tort of negligence to the mortgagee for failing to carry out the valuation with reasonable care and skill.
Significance
The decision in Cann v Willson was retreated from in subsequent cases including Derry v Peek,[1] Le Lievre v Gould,[2] and Candler v Crane, Christmas & Co,[3] but the principle that a third party could have a tort claim for negligent misstatement was brought back with the decision in Hedley Byrne & Co Ltd v Heller & Partners Ltd.[4]
References
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