Question: What does the following definition describe? A statement which was made by a professional within his area of expertise and which was made without due

 What does the following definition describe? "A statement which was made

What does the following definition describe? "A statement which was made by a professional within his area of expertise and which was made without due care. That is, the stanfiard of care expected of a reasonable practitioner in that profession was breached. The client of the professional relied on the statement, and suffered damages as a result." Select one: a. Deceit. b. Innocent misrepresentation. c. Fraudulent misrepresentation. d. Negligent misrepresentation

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!