The Restatement (Second) of Torts theory of liability imposes less liability on accountants than does the Ultramares rule.

Question

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The Restatement (Second) of Torts theory of liability actually imposes more liability on accountants than the Ultramares rule, as it allows for liability to third parties who are part of a limited group that the accountant intends to supply information to, whereas Ultramares limits liability to parties in privity or near privity.

The Restatement (Second) of Torts Theory of Liability Imposes Less