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

question 58

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 whether XYZ Bank can recover against Selena based upon the loan to Bob?

• A) XYZ Bank will not be able to recover because it was not in privity with Selena.
• B) XYZ Bank will not be able to recover because Selena did not know that Bob planned to get a loan from XYZ Bank.
• C) XYZ Bank will not be able to recover $100,000 from Selena because the transaction went from $10,000 to $100,000, increasing materially the audit risk.
• D) XYZ Bank will be able to recover from Selena because there was privity of contract.
• E) XYZ Bank will be able to recover from Selena only if they have been a client of hers in the past.

Understand the differences and effects of the central and peripheral routes to persuasion.

Recognize the formation and impact of stereotypes and prejudice.

Identify effective elements of persuasive communication and tactics.

Describe the role of conformity, obedience, and influence in social behavior.

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Definitions:

Digestion

The biological process by which the body breaks down food into absorbable components in the gastrointestinal tract.

Small Intestine

A part of the digestive system where most of the digestion and absorption of nutrients occurs.

CVA

Cerebrovascular Accident, commonly known as a stroke, occurs when blood flow to a part of the brain is suddenly interrupted or reduced.