In Grant Thornton v. Prospect High Income Fund, Grant used each of the following points to defend itself against legal liability except:
A) There was no evidence of a causal connection between Grant's alleged misrepresentation and the funds' alleged injury
B) There was no evidence of actual and justifiable reliance
C) There was no evidence of the loss suffered by the plaintiffs
D) Liability for fraudulent misrepresentations runs only to those whom the auditor knows and intends to influence, all of which was not present
Correct Answer:
Verified
Q1: Which of the following is NOT one
Q2: The Restatement (Second) of Torts Approach:
A) Expands
Q4: The key element that protects an auditor
Q5: In Grant Thornton v. Prospect High Income
Q6: The Securities Act of 1933:
A) Regulates the
Q7: When courts find accountants liable for constructive
Q8: When an auditor acts so carelessly in
Q9: In Tenants Corp. v. Max Rothenberg, the
Q10: The legal precedent that evolves from legal
Q11: Which of the following is NOT one
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