Third-party plaintiffs bringing action under common law need NOT prove ________.

Name: Third-party plaintiffs bringing action under common law need NOT prove ________.
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Question

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Third-party plaintiffs bringing action under common law do not need to prove that they were damaged or suffered a loss, that they relied on the financial statements, or that the financial statements were a direct cause of loss. However, they do need to prove a breach of contract, as this is necessary to establish liability.

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