How Is an Accountant's Liability to a Client Determined in a Negligence

question 39

Essay

How is an accountant's liability to a client determined in a negligence suit?

Distinguish between torts and breach of contract.

Recognize the legal concepts of nuisance and property invasion.

Identify and understand the tort of malicious prosecution.

Understand the essentials of battery, including the requirement for awareness by the plaintiff.

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Definitions:

Binding Contract

A binding contract is an agreement between two or more parties that is enforceable by law, signaling that all parties have accepted the terms whether written or oral.

Employment Setting

Refers to the place or context in which employment occurs, including physical locations, organizational environments, and remote or virtual workplaces.

Bilateral Contract

A bilateral contract is an agreement in which each of the two parties makes a promise to the other, creating mutual obligations.

Consideration

In contract law, a benefit or something of value that is exchanged between parties to a contract, making the agreement legally binding.