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QUESTION

Under the "Ultramares rule," an accountant will be held liable for negligence only to those with whom he or she had __________, meaning the client

Under the "Ultramares rule," an accountant will be held liable for negligence only to those with whom he or she had __________, meaning the client and anyone for whose __________ benefit the accounting statements were prepared.

Multiple Choice

  • professional proximity; commercial
  • privity of contract; primary
  • professional proximity; primary
  • privity of contract; commercial
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