In order for punitive damages to be awarded, the auditors must be guilty of:
A) Negligence.
B) Gross negligence.
C) Fraud.
D) Either b or c.

Name: In order for punitive damages to be awarded, the auditors must be guilty of: A) Negligence. B) Gross negligence. C) Fraud. D) Either b or c.
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Question

Quizplus · Accepted Answer

Punitive damages can be awarded if auditors are guilty of gross negligence or fraud. Negligence alone does not warrant punitive damages, but it can result in compensatory damages.

In Order for Punitive Damages to Be Awarded, the Auditors