Legal Question in Business Law in California
Liability for Computer Crashes during Stock Sale
Between a securities company and a client, who is liable for damages when, during a selling of stock, the securities company's computer crashes and loses the transaction, and later the stock's price drops so that the client is unable to sell his stock at the price he/she wanted? Suppose there is no fault for the computer crashing, who is liable for the damages?
Asked on 7/19/99, 11:03 pm
1 Answer from Attorneys
Timothy J. Walton
Internet Attorney
Re: Liability for Computer Crashes during Stock Sale
It depends upon the reasons for the computer crash and the terms of the contract between the securities company and the client.
If the securities company is not at fault, the contract likely specifically disclaims responsibility.
Answered on 7/21/99, 4:04 pm
Related Questions & Answers
-
Soccer organisation Need entertainment sport lawyer in the fresno area? soccer... Asked 7/17/99, 12:26 pm in United States California Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
