Wild v National Bank of New Zealand Ltd - [1991] 2 NZLR 454

Tort — Negligence — Duty of care — Breach of duty — Negligent misrepresentation by banker — Purchaser, as trustee for a company to be incorporated, was induced to purchase business on representation by vendors' banker as to turnover — Company was subsequently incorporated and took over business — Company suffered loss because turnover never reached 20% of amount represented by banker — Company sued bank for loss — Whether banker had negligently misrepresented turnover — Whether bank owed purchaser and company a duty of care and had breached that duty — Whether company could sue in respect of representation made before company existed