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The Court Ruled That Jones Did Not Rely on the Financial

Question 46

Multiple Choice

The court ruled that Jones did not rely on the financial statements in his decision to purchase shares of Manumite Limited. Instead, Jones relied upon his discussions with the owners and with financial analysts. This result illustrates


A) absence of negligence.
B) lack of privity.
C) contributory negligence.
D) absence of causal connection.

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