Which of the Following Statements Concerning the Ultramares Corp

question 50

Multiple Choice

Which of the following statements concerning the Ultramares Corp.v.Touche case is not true?

• A)This case was brought under common law liability.
• B)This case provided a test to determine whether a third party qualified as a primary beneficiary and could bring suit for ordinary negligence.
• C)This case established the rights of third parties to bring suits against auditors under common law liability.
• D)This case concluded that auditors' liability to third parties would be generally limited to gross negligence or fraud.

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Definitions:

Realistic

Pertaining to the representation of objects, situations, or actions in a way that is true to life, or having an acceptance of the situation as it is.

Transtheoretical Model

A theoretical model of behavior change that assesses an individual's readiness to act on a new healthier behavior, and provides strategies, or processes of change to guide the individual.

Sober

The state of not being under the influence of alcohol or drugs.

Maintenance

The process of keeping something in good condition by checking or repairing it regularly.