This assignment analyzes a case where Williamson Baker, an auditing firm, issued a false audit report for Hot Resorts Group. The report led High Street Bank to grant loans, but the group subsequently collapsed due to financial instability. The bank argues that Williamson Baker owed them a duty of care, as their reliance on the audit report was foreseeable. However, Williamson Baker included a disclaimer stating they held no responsibility to anyone other than Hot Resorts Group. The assignment explores whether this disclaimer effectively excludes liability despite the firm's negligence.