Jim, an Accountant, Is Asked to Prepare a Statement by Clark

question 89

Multiple Choice

Jim, an accountant, is asked to prepare a statement by Clark. This statement provides details about property owned by Clark. Jim is aware that Clark intends to use this statement to obtain a loan from a bank. Which of the following statements is true of this scenario?

• A) In the states that follow the Ultramares Doctrine, the bank cannot sue Jim for malpractice.
• B) The bank can sue Jim for malpractice in all the states in the United States.
• C) The Ultramares Doctrine allows the bank to sue Jim for malpractice.
• D) The bank cannot sue Clark because a contractual relationship exists between Jim and the bank.

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Definitions:

Internal Environment

The conditions and processes occurring within an organism's body that ensure its stable operation and life activities.

Tolerable Range

The range of environmental conditions within which an organism can survive and reproduce without experiencing stress.

Carolus Linnaeus

A Swedish botanist, physician, and zoologist in the 18th century, who laid the foundations for the modern scheme of binomial nomenclature.

Natural Selection

The mechanism through which better-suited organisms to their surroundings are more likely to survive and yield a higher number of progeny.