Historically,privity of Contract Was Not a Requirement for a Cause

question 17

True/False

Historically,privity of contract was not a requirement for a cause of action based on an accountant's liability for negligence.

---

Definitions:

Smaller Groups

Refers to subsets within a larger population, often used in statistics, sociology, or market analysis to denote groups with specific characteristics or interests.

Marginal Costs

The cost added by producing one extra item of a product, essentially the same as marginal cost but rephrased for clarity.

Marginal Benefits

The extra advantage or value received from consuming an additional unit of a product or service, influencing decision-making in economic transactions.

Government Spending

The total amount of money that a government expends on various programs, projects, and services within a particular fiscal period.