The car dealer and the customer who should due what
From< https://www.wealthyaffiliate.com > The scenario presented raises several questions about the responsibilities and liabilities of both parties—the car dealer and the customer—in a business arrangement gone wrong due to insufficient research and advice. Analysis of the Situation Car Dealer's Responsibility : The car dealer ventured into advising on a business area outside their expertise (importing three-wheel bikes). They failed to perform adequate due diligence on the supply chain (e.g., separate sourcing of wheels, pricing volatility). Customer's Responsibility : The customer relied entirely on the car dealer's advice without conducting independent research or consulting professionals experienced in international trade. Financial Fallout : The lack of foresight led to a financial loss for the customer, including a default on the bank note. Legal Considerations Was There a Duty of Care? The car dealer is primarily in the business of selling cars, not consulting ...
