Ray hires Robert,an accountant,to prepare financial statements to be presented to prospective investors.In the future,will Robert potentially be liable if one of the investors brings a claim against him for negligently preparing the documents?
A) Robert would be liable under both the Ultramares doctrine and the Restatement standard.
B) Robert would be liable under the Ultramares doctrine,but not the Restatement standard.
C) Robert would not be liable under the Ultramares doctrine,but would be liable under the Restatement standard.
D) Robert would not be liable under the Ultramares doctrine,nor the Restatement standard.
Correct Answer:
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