In which of the following situations might a claim arise under privity of contract? (a) A bank
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In which of the following situations might a claim arise under privity of contract?
(a) A bank makes a loan to a company on the strength of a report commissioned by the bank.
(b) A bank makes a loan to a company on the strength of a report commissioned by the company for that specific purpose.
(c) The holder of 100 per cent of the shares increases investment in the company on the strength of the audited accounts.
(d) The engagement letter calls for the preparation of accounts of a partnership without an audit, but one of the partners tells the public accountant that another partner is suspected of fiddling expenses.
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a A bank makes a ...View the full answer
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