In third-party suits, which of the auditor's defenses contends no implied or expressed contract?

Question

Quizplus · Accepted Answer

The defense of lack of duty asserts that there was no legal obligation between the auditor and the third-party plaintiff. This defense contends that there was neither an implied nor an expressed contract between them, and thus the auditor had no duty to the plaintiff. This defense is commonly used in third-party suits to argue that the auditor did not owe a duty of care to the plaintiff and, therefore, cannot be held liable for any damages suffered by the plaintiff.

In Third-Party Suits, Which of the Auditor's Defenses Contends No