Suppose Mary is a CPA and John hires her to create a financial audit.Further,suppose that John uses Mary's work to secure a loan from BigBank.BigBank never met Mary or communicated with her.Suppose further that John defaults on his loan contract with BigBank.Under the Cardozo standard,if BigBank decides to sue Mary the CPA BigBank will win because of privity with Mary.

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Under the Cardozo standard, BigBank would not be able to sue Mary because there was no privity of contract between Mary and BigBank. Mary only had a professional duty of care to John, who was her client.

Suppose Mary Is a CPA and John Hires Her to Create