1.Distinguish between the following:
(a) primary versus other beneficiaries and (b) foreseen group versus foreseeable parties. Identify the principal cases that extended the accountant's liability for ordinary negligence to each of the parties identified in (b) above.

2.Contrast the terms "contributory negligence" and "due diligence defense."

3.Explain the essence of Section 10 and Rule 10b-5 of the Securities Exchange Act of 1934. Indicate the landmark case pertaining to this rule and the findings of the court in the case.

4.Why is it advantageous for a plaintiff to bring suit under the Racketeer Influenced and Corrupt Organization Act (RICO)? May a CPA be liable under RICO for ordinary negligence? Explain.

Question

1.Distinguish between the following: 
(a) primary versus other beneficiaries and (b) foreseen group versus foreseeable parties. Identify the principal cases that extended the accountant's liability for ordinary negligence to each of the parties identified in (b) above.

2.Contrast the terms "contributory negligence" and "due diligence defense."

3.Explain the essence of Section 10 and Rule 10b-5 of the Securities Exchange Act of 1934. Indicate the landmark case pertaining to this rule and the findings of the court in the case.

4.Why is it advantageous for a plaintiff to bring suit under the Racketeer Influenced and Corrupt Organization Act (RICO)? May a CPA be liable under RICO for ordinary negligence? Explain.

Quizplus · Accepted Answer

The Answer of 1.Distinguish between the following: 
(a) primary versus other beneficiaries and (b) foreseen group versus foreseeable parties. Identify the principal cases that extended the accountant's liability for ordinary negligence to each of the parties identified in (b) above.

2.Contrast the terms "contributory negligence" and "due diligence defense."

3.Explain the essence of Section 10 and Rule 10b-5 of the Securities Exchange Act of 1934. Indicate the landmark case pertaining to this rule and the findings of the court in the case.

4.Why is it advantageous for a plaintiff to bring suit under the Racketeer Influenced and Corrupt Organization Act (RICO)? May a CPA be liable under RICO for ordinary negligence? Explain.

1.Distinguish Between the Following