Question Tag: There is a duty of care not to cause economic loss by negligent misstatement/misrepresentation

b) Zealow & Associates is a consultancy firm of Accountants. Kingsley Gyeabour, a prospective businessman, has decided to establish a fuel filling station. He sought the professional advice of the consultancy firm, which advised that based on their assessment, the turnover for a day’s sale would be 1200 gallons of ordinary petrol and 1000 gallons of diesel. Relying on the firm’s statement, Gyeabour established the filling station. He later realized that the actual turnover was 100 gallons of petrol and 200 gallons of diesel. Gyeabour intends to sue and seeks your advice.

Required:
Advise Gyeabour. (12 marks)