In this case. Evergreen is most likely a: a. Foreseeable third party. b. Foreseen beneficiary. c. Primary
Question:
In this case. Evergreen is most likely a:
a. Foreseeable third party.
b. Foreseen beneficiary.
c. Primary beneficiary.
d. Client.
Choose the correct answer.
Gilmore, Inc., a privately owned manufacturer of jewelry, was audited by Balch & Ferris, CPAs. Relying on Gilmore's financial statements, the Evergreen Commercial Credit Corp., a lending institution, granted Gilmore a long-term loan. Gilmore's statements were materially misstated, and Gilmore then went bankrupt. Evergreen Commercial Credit is suing Balch & Ferris for negligence in the audit.
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