Under the Restatement Test,referenced in the text's discussion of the case Bily v.Arthur Young & Co. ,which of the following is true regarding the action brought by Bank ABC against Amina based upon the loss of funds on Jonathan's loan?
A) The bank will be able to recover because Amina was aware of how her work would be used even if she did not know the exact name of the bank involved.
B) The bank will not be able to recover unless it can establish that it had dealt with Amina in the past.
C) The bank will be able to recover because there was privity of contract.
D) The bank will not be able to recover because the identity of the bank was not known to Amina.
E) The bank will be able to recover because no more than $10,000 was involved.
Correct Answer:
Verified
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