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Privy Council Wellington
4, 5, 6 March; 14 May 1996
Lord Goff of Chieveley, Lord Jauncey of Tullichettle, Lord Hoffmann, Sir John May, Sir Ralph Gibson
4, 5, 6 March; 14 May 1996
Lord Goff of Chieveley, Lord Jauncey of Tullichettle, Lord Hoffmann, Sir John May, Sir Ralph Gibson
Contract — Warranty — Limited warranty as to projected revenue statement — Meaning of such warranty — Obligation on party giving such warranty.
Contract — Damages — Sale and purchase of shares — Limited warranty as to projected revenue statement — Revenue below the amount forecast — Whether the calculation of damages should be based on the most likely estimate of forecast profit had the defendant acted with reasonable care, or on the highest estimate that could have been made with reasonable care.