The AGC Case Added Which One of the Following Criteria

question 65

Multiple Choice

The AGC case added which one of the following criteria to the tests determining whether a duty of care is owed to a third party?

• A) Purpose of reliance must be known
• B) Prevailing community standards
• C) Intention to induce
• D) User must be known

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Definitions:

Expertise Focused

Concentration or specialization in a particular area of knowledge or skill.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.

Costs

The monetary value associated with the consumption of resources, such as production, operations, or acquisition expenses.

Unhealthy Rivalries

Competitive relationships that can have negative effects on individuals or groups, including stress, decreased cooperation, and conflict.