In a Common Law Action Against an Accountant,lack of Privity

question 54

Multiple Choice

In a common law action against an accountant,lack of privity is a viable defense if the plaintiff:

• A)Is the client's creditor who sues the accountant for negligence.
• B)Can prove the presence of gross negligence that amounts to a reckless disregard for the truth.
• C)Is the accountant's client.
• D)Bases the action upon fraud.

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Definitions:

Problem Drinking

A pattern of alcohol consumption that negatively impacts a person's health, social life, or responsibilities, but does not meet the criteria for alcohol dependence.

Health Effects

The impacts of various factors on an individual's physical and mental well-being, either positively or negatively.

Illegal Drug

Substances whose production, sale, or use is prohibited by law due to their potential for abuse or harm.

Alcohol

A psychoactive substance commonly found in beverages like beer, wine, and spirits, capable of altering mood and behavior.