The Test for Scope of Duty for the Negligent Use

question 62

Multiple Choice

The test for scope of duty for the negligent use of words (negligent misstatement) is?

• A)Special relationship.
• B)Reasonable foreseeability
• C)Reasonable person
• D)Fiduciary duty
• E)Voluntary assumption of risk

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Definitions:

Deadweight Loss

The decline in economic productivity that happens when a good or service does not reach or cannot reach its equilibrium.

Tax

A required monetary fee or different kind of tax levied on a taxpayer by a government entity to finance government operations and a range of public expenses.

Buyers

Consumers or organizations that acquire products or services for direct use or ownership.

Sellers

Individuals or entities that offer goods or services for sale in a market.