In Which of the Following Ways Can an Accountant Defeat

question 39

Multiple Choice

In which of the following ways can an accountant defeat the imposition of liability under Section 18(a) ?

• A) if he or she can show that the misleading statement was made to protect the company from bankruptcy
• B) if he or she had acted out of recklessness
• C) if he or she was an employee to the plaintiff
• D) if he or she can show that the plaintiff had knowledge of the false statement