In an Action Against a CPA in a Jurisdiction That

question 97

Multiple Choice

In an action against a CPA in a jurisdiction that follows the Ultramares doctrine, lack of privity is a viable defense provided the plaintiff:

• A)is the client's creditor who sued the CPA for negligence.
• B)can prove gross negligence.
• C)violated the Securities Act of 1933.
• D)violated the Securities Act of 1934.

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Definitions:

Computer Network

A set of computers connected together for the purpose of sharing resources, data, and applications.

Product Form

The specific physical or intangible attributes that distinguish one product from another.

Product Class

A broad category that groups products based on common characteristics, uses, or target market.

Variation

The differences or deviations in data, objects, or phenomena, which may be natural or a result of external influences.