The contact rule does not require that the accountant meet or communicate with the third party to establish a relationship equivalent to privity.
Correct Answer:
Verified
Q2: Any disclaimer by an accountant that excludes
Q3: A disclaimer based on lack of knowledge
Q4: When an accountant makes a contract to
Q5: A disclaimer that protects an accountant from
Q7: When an accountant fails to complete a
Q8: Malpractice is both a form of negligence
Q9: In order to be valid,an accountant's disclaimer
Q10: A client may recover tort damages from
Q10: An accountant may be liable for malpractice
Q16: When the privity rule is applied, a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents