The reasonable reliance means that the defendant representor was either a professional or somebody who possessed a special skill or knowledge (such as a Realtor), that he had a direct or
indirect financial interest in the transaction (the real estate commission) and that the information or advice was given deliberately in response to a specific inquiry during the course of the defendant's business dealings (and not on a social occasion).
Not exact matches
When hiring a
financial advisor, 401k plan sponsors have a fiduciary duty to assess «the reasonableness of the compensation (direct and
indirect), and determine any conflicts of
interest that may impact the service provider's performance.»
It is harmful for a company with a
financial interest in selling baby food to be promoting its name in this way and is also a clear violation of the Code, which prohibits manufacturers and distributors seeking direct or
indirect contact with pregnant women and the mothers of infants and young children»
It's an old favourite and I have an
indirect interest in it because I own a few shares of E-L
Financial (ELF), which in turn owns a big chunk of Algoma Central.
There are a number of reasons why it is in the best
interest of the federal government to charge lower
interest rates, but the most compelling reason is the argument that student loans provide
financial benefits to the government in a number of important
indirect ways.
Two members shall represent the public and shall not have been licensed as veterinarians or have any significant
financial interest, whether direct or
indirect, in the occupation regulated.
Nonetheless, Christopher Monckton, a leading climate skeptic, called the panel corrupt, adding: «The chair is an Indian railroad engineer with very substantial direct and
indirect financial vested
interests in the matters covered in the climate panel's report.
The nice aspect of this published decision, with respect to 1021.5 jurisprudence, is that it held a claimant seeking no monetary award could still be held to have an overriding
financial interest and, separately, that even an «
indirect»
financial interest — in this case, competitive survival — certainly allowed trial judges to consider such an
interest (gauging whether it was real or speculative in nature).