Arthur Walker, an accountant, prepared financial statements for Globalus Ltd., a public company whose shares traded on the stock exchange
A shareholder of Antimony Ltd, a company which was considering taking over Globalus, was reading the document on the subway and forgot it. Frank Nelson picked the statements up and bought shares in the company based on what he had read. Walker had made a careless mistake and Frank's investment turned out to be worthless. Which of the following is TRUE?
A) Walker owed a duty of care to Antimony respecting investment decisions.
B) Walker owed a duty of care to Globalus.
C) Walker owed a duty of care to Frank.
D) Both A and C
E) Both B and C
B
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