In a common law action against an accountant in a state following the Ultramares doctrine, lack of privity is a viable defense if the plaintiff

A.  Can prove the presence of gross negligence which amounts to a reckless disregard for the truth.
B.  Bases the action upon fraud.
C.  Is the client's creditor who sues the accountant for negligence.
D.  Is the accountant's client.


C.  Is the client's creditor who sues the accountant for negligence.

Business

You might also like to view...

MPR is an ideal set of tools to reach mainly local audiences

Indicate whether the statement is true or false

Business

Mrs. Butterworth's syrup comes in a bottle shaped like a woman. The intent of this type of packaging is to transfer critical brand messages quickly through design cues since many competitor syrup brands come in teardrop-shaped bottles. The unique shape of the Mrs. Butterworth's bottle fulfils which objective of packaging?

A. communication B. quality C. harmony D. protection E. usage promotion

Business

Which graphic aid would be best to show the annual sales performance of five McDonald's restaurants in Tyler, Texas?

a. line graph b. bar chart c. pie chart d. Gantt chart

Business

The standard for requiring a drug test in a federal agency is ________

a) probable cause b) reasonable suspicion c) mere likelihood d) under no circumstances

Business