Breach of Contract Remedies Are Available to Third Parties Against

question 38

True/False

Breach of contract remedies are available to third parties against accountants because they are ordinarily considered third-party beneficiaries of contracts with accountants.

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Definitions:

Net National Income Per Capita

An economic metric that measures the total net income of a nation divided by its population, indicating the average income of its citizens.

Gross Domestic Product Per Capita

A measure of a country's economic output that accounts for its number of people, reflecting the average income of a country's citizens.

Capital

A resource that can serve to generate wealth, such as factories, equipment, investment accounts, software, land, and education.

Gross Domestic Product Per Capita

A measure of a country's economic output that accounts for its number of people, essentially the average economic output per person.