Third-party plaintiffs bringing action under common law need not prove that
A) They were damaged or suffered an economic loss.
B) They relied on the financial statements.
C) The financial statements were the direct cause of loss.
D) Breach of contract occurred.

Question

Quizplus · Accepted Answer

Under common law, third-party plaintiffs do not need to prove a breach of contract occurred, as their claims are typically based on negligence or fraud rather than contract law.

Third-Party Plaintiffs Bringing Action Under Common Law Need Not Prove