Under the Restatement Test,as Discussed in the Case in the Text,Bily

question 4

Multiple Choice

Under the Restatement Test,as discussed in the case in the text,Bily v.Arthur Young & Co.,which of the following is true regarding the action brought by ABC Bank against Selena based upon the loss of funds on Carl's loan?

• A) The bank will be able to recover because there was privity of contract.
• B) The bank will be able to recover because no more than $10,000 was involved.
• C) The bank will be able to recover because Selena was aware of how her work would be used even if she did not know the exact name of the bank involved.
• D) The bank will not be able to recover because the identity of the bank was not known to Selena.
• E) The bank will not be able to recover unless it can establish that it had dealt with Selena in the past.

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