In a common law action against an accountant, lack of privity is a viable defense if...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
In a common law action against an accountant, lack of privity is a viable defense if the plaintiff: a. Is the client's creditor who sues the accountant for negligence b. Can prove the presence of gross negligence that amounts to a reckless disregard for the truth c. Is the accountant's client d. Bases the action upon fraud In a common law action against an accountant, lack of privity is a viable defense if the plaintiff: a. Is the client's creditor who sues the accountant for negligence b. Can prove the presence of gross negligence that amounts to a reckless disregard for the truth c. Is the accountant's client d. Bases the action upon fraud
Expert Answer:
Answer rating: 100% (QA)
ANSWER is a is the clients creditor who sues the accou... View the full answer
Related Book For
Business Law The Ethical Global and E-Commerce Environment
ISBN: 978-0071317658
15th edition
Authors: Jane Mallor, James Barnes, Thomas Bowers, Arlen Langvardt
Posted Date:
Students also viewed these banking questions
-
On the last day of your internship, your boss organised a farewell party for you. At the party, you met a Financial Analyst, a Relationship Manager and a FX Trader. The conversations circled around...
-
Husband and wife, who live in a common law state, are eligible to file a joint return for 2019, but elect to file separately. Wife has adjusted gross income of $25,000 and has $2,200 of expenditures...
-
Gross negligence is a conscious and voluntary disregard of the need to use reasonable care, which is likely to cause foreseeable grave injury or harm to persons, property, or both. It is conduct that...
-
During 2018, Susan incurred and paid the following expenses for Beth (her daughter), Ed (her father), and herself: Surgery for...
-
In February 2009, the Dow Jones Industrial Average was at a level of about 8,000. In February 2013, it was about 14,000. Would you expect the Dow in 2013 to be more or less likely to move up or down...
-
Water at 20°C is to be pumped through the system shown. The operating data for this motor-driven pump data are as follows: The inlet pipe to the pump is 0.06 m diameter commercial steel, 8.5 m in...
-
Consider the IRR and ERR measures of worth. If we define a root to mean a value for the measure that results in \(\mathrm{PW}=0\), then which of the following statements is true? a. Both IRR and ERR...
-
Perform analytical procedures for accounts payable of J & J Auto Repair Service in the following manner: a. Calculate and list all necessary figures and comparisons. b. Explain what the result of...
-
While the Donlin Mine is on Native Corporation land, do you think there would be a difference if the state or federal government owned the land? That is, would there be a difference in whether those...
-
Profitability remains a challenge for banks and thrifts with less than $ 2 billion of assets. The business problem facing a bank analyst relates to the factors that affect return on assets (ROA), an...
-
Describe advantages and disadvantages of the ADR process. Select a topic from the provided list and write an essay focusing on its advantages and disadvantages within the ADR process. 1. Mini-trial...
-
A customer came into the Taxpayer Assistance Center and requested a technical publication on sale of rental property, because he is thinking about selling his rental property. The publication is...
-
During the photoelectric experiment, the stopping voltage resulted in maximum electron KE of 1.7 eV. If the work function of the cathode is 3.2 ev, what is the wavelength of the light source used for...
-
Your client records mortgage backed securities valued at $70,000,000. You develop your own estimate and determine the reasonable range of values to be between $55,000,000 and $65,000,000. However,...
-
How will Portugal penalise a Spanish company's permanent establishment which has been discovered to not have established its status in Portugal. reference legislation and explain
-
1. Describe the general adaptation syndrome? a. list 4 ways to reduce high cortisol levels. 2) What hormones are produced by the endocrine portion of the pancreas? a. Name the cell that produces...
-
Consider the varied aspects of the world you live in (media, religion, politics, family, friends). Do you see ethics is lacking in certain areas? What ought to be improved upon? How?
-
The production budget of Artest Company calls for 80,000 units to be produced. If it takes 30 minutes to make one unit and the direct labor rate is $16 per hour, what is the total budgeted direct...
-
Joseph Crotty was a vice president of United Artists Communications, Inc. (UA), a corporation with equity securities registered under the Securities Exchange Act of 1934. Crotty was the head film...
-
On May 23, Deborah McCullough, a secretary, purchased a Chrysler LeBaron from Bill Swad Chrysler-Plymouth. The automobile was covered by both a limited warranty and a vehicle service contract...
-
Mantor began working for Circuit City in August 1992. When Circuit City hired Mantor, it had no arbitration program. In 1995, Circuit City instituted an arbitration program called the "Associate...
-
Calculate (in terms of a single ket state and no operators) exp{ila a+ B(a+a)]}|a). (8.108)
-
Calculate \(\left\langle x^{2} ightangle_{n}\) and \(\left\langle x^{3} ightangle_{n}\) in the state \(|nangle\) of the harmonic oscillator.
-
Use the Sommerfeld method for a particle in one dimension with a quartic potential, instead of a quadratic one, \(V(x)=\lambda x^{4}\). What is the resulting reduced equation, and can you describe...
Study smarter with the SolutionInn App