Case Name: Teacher v Calder Background of the Case (Teacher v Calder) In 1889, Adam Teacher, a wine and spirit merchant, entered into a financial agreement with James Calder, a timber merchant, to provide financial assistance for Calder’s business (Calder & Co.). Teacher agreed to loan Calder £15,000 and to act as a guarantor for … Continue reading Teacher v Calder: The Validity of Audits in Business Contracts