When the Privity Rule Is Applied, a Bank Lending Money

question 15

True/False

When the privity rule is applied, a bank lending money to the client of an accountant cannot sue the accountant for malpractice.

---

Definitions:

Conversion Evidence

Proof or documentation that demonstrates a change or transformation, often used in legal, religious, or technological contexts.

Concept of Freedom

The idea or principle that individuals have the right to act, speak, or think as they want without hindrance or restraint, subject to the laws that protect common welfare.

Charles I

King of England, Scotland, and Ireland from 1625 until his execution in 1649, whose reign was marked by religious conflicts and a civil war that led to his downfall.