Multiple Choice
Which of the following statements is true of accountants' liability?
A) The plaintiff only has to prove breach of duty in malpractice actions against accountants that are based on negligence.
B) All states follow the same guidelines to determine to whom an accountant can be held liable.
C) The Ultramares Doctrine allows third parties to sue accountants.
D) The smallest minority of states holds the accountant liable to any reasonably foreseeable user of the statement the accountant prepares.
Correct Answer:
Verified
Correct Answer:
Verified
Q22: The feasible alternatives test, set out in
Q23: Which of the following statements is true
Q24: In terms of product liability, a strict
Q25: Which of the following doctrines helps a
Q26: Which court created market share theory in
Q28: The plaintiff will have to ask a
Q29: State-of-the-art defense is valid in a negligence
Q30: Which of the following statements is true
Q31: A defendant raising the defense is claiming
Q32: Which of the following is an incorrect