Larsen v. United Federal Savings & Loan Ass'n of Des Moines

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• determining that buyers are among class of persons reasonably intended to rely on appraisal prepared for lending institution
• savings and loan company owes duty to home buyer with respect to appraisal
• homebuyers sought damages for excessive price paid for a home because of defendant’s negligently prepared appraisal
• jury question generated regarding whether “client” of appraiser was his employer, defendant bank, or buyers of the property appraised
• “It is plain from this language that liability may extend to losses sustained by more than one person, as long as the supplier of the information (1) intended to supply the information to that person . . . or (2) knew the recipient intended to supply it.”

Source: CourtListener parenthetical corpus (CC0).