CS Professional · Drafting, Pleadings and Appearances · Art of Opinion Writing
Nirmal Pharma Ltd asks a professional for an opinion on a dispute. The professional notes that the opinion rests on documents supplied by the client, which are assumed genuine and complete, and that later-found facts may change the view. What is the purpose of this note?
The note states assumptions and limitations, confining the professional's responsibility to the facts and documents actually examined. It tells the client the view may change if facts differ, but does not bind the other party or make the opinion automatically admissible evidence.
- ATo state the assumptions and limits so that responsibility is confined to the facts and documents examinedCorrect
- BTo transfer liability for the dispute to the client's auditors
- CTo make the opinion binding on the opposite party
- DTo convert the opinion into evidence that needs no proof
Explanation
Qualifications and assumptions define the scope of an opinion, confining the author's responsibility to the material reviewed. They do not bind third parties, shift liability to auditors or make the opinion self-proving evidence.
Did you get it right without looking?
One question tells you little. A timed set on Art of Opinion Writing shows your real accuracy, how long you take and where you lose marks.
More Art of Opinion Writing questions
- Meridian Textiles Ltd asks its company secretary, Ms. Kavita Rao, for a written opinion on whether a proposed related party transaction need…
- A company secretary is asked for an opinion, but the instructions omit a key fact: whether the shareholders' agreement was ever registered o…
- A company secretary gives an opinion to Meera Retail Ltd that a particular resolution needs a special resolution. Later the law is amended. …
- Pioneer Steels Ltd. asked for an opinion on whether its director is disqualified. The adviser writes: 'The director may or may not be disqua…
- Sunrise Agro Ltd seeks an opinion on the validity of a contract. The professional gives a one-line conclusion, 'The contract is valid', with…
- While preparing an opinion for Kaveri Steels Ltd., the writer finds that the key fact, the date of the board resolution, is not in the paper…