Sam, an engineer, supervises the construction of a new bridge. When the bridge collapses due to faulty construction, Sam is sued by those injured in the collapse. As a professional, Sam is held to the same standard of care as
A. ordinary persons.
B. other engineers.
C. other professionals, including doctors, dentists, and lawyers.
D. those injured in the collapse of the bridge.
Answer: B
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a. True b. False Indicate whether the statement is true or false
A contingent liability should be entered into the accounting records if it is both probable and reasonably estimable
Indicate whether the statement is true or false
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Nancy Kiro is selling her florist shop to Boris Kranz. In the course of negotiating the deal, Boris asks her if she is aware of any reason why the business might be less profitable after he takes over
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