Under the Terms of a Contract,Abigail Provided Accounting Services to Theta

question 41

Essay

Under the terms of a contract,Abigail provided accounting services to Theta Inc.Those services culminated in the production of a financial statement.Unfortunately,Abigail did her job carelessly and the financial statement was inaccurate.Raekwon,who is a shareholder in Theta Inc,suffered a loss after relying upon the financial statements that Abigail prepared.He has sued her for negligence.Identify and briefly explain the factors that a court will consider in deciding whether or not Abigail owed Raekwon a duty of care.

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Definitions:

1848

A year marked by significant global revolutions and movements, most notably in Europe, where various countries experienced revolutions advocating for democracy and national independence.

Evangelical Causes

Movements or initiatives that are inspired or supported by evangelical Christian beliefs, often focused on spreading the gospel or undertaking humanitarian efforts.

1830s

The decade spanning from 1830 to 1839, characterized by significant events such as the beginning of the Trail of Tears and various revolutions in Europe.

Arthur Tappan

A nineteenth-century American abolitionist and philanthropist who played a significant role in the anti-slavery movement and helped establish several anti-slavery societies.