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Commerce Bank Files a Suit Against Drake, Its Former Accountant

Question 1

Multiple Choice

Commerce Bank files a suit against Drake, its former accountant, alleging constructive fraud. Drake may be held liable


A) if Commerce Bank cannot prove actual fraud.
B) if Drake was grossly negligent in the performance of his duties.
C) only if Drake acted with fraudulent intent.
D) only if Drake impersonated someone who could be liable for fraud.

Correct Answer:

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