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:

Team

A group of individuals working together towards a common goal, often characterized by collaborative efforts and solidarity.

Process

A series of actions or steps taken in order to achieve a particular end, often involving a methodical or systematic approach.

Content

The information or subject matter contained within a document or media piece.

Norming Stage

A phase within group development where members resolve conflicts, enhance unity and cohesion, and start to work more effectively as a unit.