Sally Prepared Financial Statements for MegaCorp Knowing That the Company

question 13

Multiple Choice

Sally prepared financial statements for MegaCorp knowing that the company would be using her statements when applying for a loan at Big Bank.It is discovered she was negligent in preparing the statements,and Big Bank sues her.Sally is liable under the

• A)Ultramares doctrine.
• B)Foreseeable doctrine.
• C)Restatement doctrine.
• D)All of these are correct.

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Definitions:

Promoting Longevity

Actions or practices that are aimed at increasing the lifespan of an individual or population by promoting health and reducing risk factors for premature death.

Food Pantry

A service or facility that provides food assistance to people in need, often at no cost, to help mitigate food insecurity.

Volunteering

The act of offering services or resources without financial compensation to individuals, organizations, or communities.

Emotionally Stable

A personality trait characterized by consistency in emotional reactions, with an absence of extreme emotional disturbances.